California Governor to Launch “Trump Corruption Coin” to Mock Trump’s Crypto

California Governor Gavin Newsom has unveiled plans for a satirical memecoin targeting former President Donald Trump. Dubbed the "Trump Corruption Coin," the project serves as both a political jab and a critique of Trump's foray into cryptocurrency. Newsom framed the initiative as part of his broader "Campaign for Democracy" effort, aiming to highlight what he perceives as the absurdity of leveraging memecoins for political gain.

The announcement, made during an appearance on the "Pivot" podcast, underscores Newsom's intent to amplify scrutiny around Trump's alleged financial dealings. "We're just trying to turn up the heat and tune people into the absurdity," Newsom remarked, dismissing suggestions of naming the coin after himself. The move reflects escalating tensions between political figures in the cryptocurrency discourse, with memecoins increasingly weaponized as tools of commentary.