California Governor Gavin Newsom has teased plans to launch a “Trump Corruption Coin” as a direct response to Donald Trump’s controversial involvement in crypto, especially through memecoins.
Speaking on the “Pivot” podcast, Newsom said the planned memecoin, named explicitly after Trump’s alleged scandals, is part of his broader “Campaign for Democracy” initiative, with proceeds from the coin going toward redistricting efforts and voter outreach.
“We’re about to put a meme coin out,” Newsom said during the interview. “And you know what, Donald Trump? We’ll see how well your coin does versus our coin.” When asked if it would be called a “Gavin Coin,” the governor replied: “No, it’s Trump Corruption Coin.”
“We’re just trying to turn up the heat and tune people into the absurdity,” he added. “This is one of the great grifters of our time,” Newsom said of Trump. “None of this is normal.”
Gavin Newsom: “We’re about to put a meme coin out.”
Kara Swisher: “Is it going to be gold Gavin Coin?”
Newsom: “No, it’s Trump Corruption Coin… this is one of the great grifters of our time… His family is sent out before these foreign trips doing deals.The crony capitalism… pic.twitter.com/HNknqlm9Gi
— Blue Georgia (@BlueATLGeorgia) August 29, 2025
Related: China could leverage crypto control over Trump family wealth
Trump rakes in millions from crypto
Trump, who has embraced crypto as part of his post-presidency branding, has touted massive profits from digital asset deals, including his personal memecoin and NFTs.
In June, he disclosed earning $57.4 million from his stake in World Liberty Financial. In his 2025 public financial disclosure, filed with the Office of Government Ethics, Trump reported holding 15.75 billion WLFI governance tokens. The filing attributes the income to token sales.
He even held a private dinner earlier this year with buyers of his Trump-themed token. Meanwhile, his company, Trump Media and Technology Group, claimed in July to hold over $2 billion in Bitcoin and other digital assets.
Earlier this month, The New Yorker claimed Trump has amassed an…
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