California Governor Considers ’Trump Corruption Coin’ Amid Crypto Industry Criticism

California Governor Gavin Newsom has proposed the creation of a 'Trump Corruption Coin' during a recent podcast appearance, framing it as a direct response to former President Donald Trump's deepening ties to the cryptocurrency sector. The suggestion comes amid allegations of conflicts of interest stemming from Trump's engagements with digital asset firms during and after his presidency.

Newsom's remarks highlight concerns that Trump's crypto ventures—including the promotion of the World Liberty Financial platform, TRUMP-branded coins, and multiple NFT collections—may intersect improperly with his political influence. 'None of this is normal,' Newsom stated, emphasizing what he characterized as 'graft and corruption' in the industry.

The governor's critique extends to TRUMP family members, whom he accused of timing digital asset deals to coincide with policy decisions like tariffs. While no specific cryptocurrencies or exchanges were directly implicated in Newsom's comments, the proposal underscores growing scrutiny of political figures' roles in shaping crypto markets.