Newsom Roasts Trump With Bold ’Trump Corruption Coin’ Meme Token Launch

California Governor Gavin Newsom takes political satire digital—announcing a meme coin that skewers Trump's legacy.

Political Theater Meets Crypto

Newsom's team leverages blockchain for a pointed jab—framing alleged corruption as tradable tokens. The move electrifies both crypto circles and political commentators.

Market Reactions Roll In

Early trading signals show volatile interest—speculators dive in, while critics decry the blurring of politics and financial markets. Another day in crypto—where parody and profit collide shamelessly.

Key points:

“We’re about to put a meme coin out, and you know what, Donald Trump? We’ll see how well your coin does versus our coin,” Newsom stated in an interview on the “Pivot” podcast. He confirmed to podcast co-host Kara Swisher that the meme coin would be called “Trump Corruption Coin,” describing President TRUMP as “one of the great grifters of our time.”

Newsom described the project as a way to spotlight the “absurdity” of Trump’s actions. In addition, Newsom has recently parodied Trump’s branding by replicating his all-caps X posts and releasing MAGA-style merchandise.

“I’m really worried about this country. I think we’ve crossed the red line. I think it is much more acute and profound than many people think, and I’m just trying to wake people up. That’s what this is all about. Wake up everybody,” Newsome stated. 

President Trump has faced increased scrutiny over his crypto activities since his presidency, generating substantial profits from his holdings in World Liberty Financial, a decentralized finance (DeFi) company he founded with his sons, raising concerns about governance and ethical standards in the rapidly growing sector.

Shortly before his January 2025 inauguration, President Trump introduced the $TRUMP meme coin, the same token referenced by Governor Newsom in his podcast interview. In May 2025, Trump held a private dinner for leading investors in the coin, an event that drew widespread criticism, with some officials suggesting it amounted to “selling access” to the presidency.

In July, Trump Media and Technology Group (TMTG), the parent company of Truth Social, reported holdings of roughly $2 billion in Bitcoin and related digital assets. The disclosure revealed that nearly two-thirds of the company’s $3 billion in liquid assets are invested in Bitcoin and associated instruments, with an additional $300 million allocated to an options strategy centered on Bitcoin-linked securities.

The developments emphasize the growing intersection of politics and digital finance, with figures like Governor Newsom using initiatives such as the “Trump Corruption Coin” to critique and satirize high-profile crypto ventures, spotlighting concerns over transparency, regulatory oversight, and the influence of prominent leaders on emerging markets.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the shiba inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.