California Governor Gavin Newsom has announced his intention to launch a meme coin specifically designed to mock U.S. President Donald Trump’s expanding cryptocurrency ventures.
The Democratic leader revealed during Friday’s Pivot podcast that his token would be called “Trump Corruption Coin,” directly targeting the president’s financial dealings in the digital asset space.
Newsom’s cryptocurrency announcement represents a calculated political strategy that mirrors his recent social media tactics on X platform.
The governor has been deliberately copying Trump’s signature communication style and language patterns to criticize the president’s policies and business ventures.
The California governor boldly predicted his upcoming meme coin would outperform Trump’s existing TRUMP token, which currently operates on the Solana blockchain.
Newsom stated during the podcast appearance, “We’re about to put a meme coin out and Donald Trump, we’ll see how well your coin does versus our coin,” while characterizing the president as “one of the great grifters of our time.”
The TRUMP token currently holds the 77th position among all cryptocurrencies with a market capitalization approaching $1.7 billion.
Recent trading shows the token at $8.42, representing a significant decline from its January launch high of $73.43, following typical meme coin volatility patterns that reflect speculative trading behavior.
Newsom’s office has indicated that all proceeds from the planned cryptocurrency launch would support his Campaign for Democracy initiatives. These efforts include redistricting campaigns and public awareness programs designed to strengthen democratic institutions and processes.
Democratic politicians have consistently raised ethics questions about President Trump’s involvement in cryptocurrency projects while holding office.
Opposition leaders argue these ventures create potential conflicts of interest as Trump simultaneously influences regulatory frameworks that could impact his personal financial holdings.
The Trump family’s World Liberty Financial project recently achieved a $26 billion valuation, with the family controlling token holdings worth approximately $6 billion, demonstrating the substantial financial stakes involved in political cryptocurrency ventures.
