Key Takeaways:
- California Governor Gavin Newsom announced plans for a satirical “Trump Corruption Coin” to parody Trump’s crypto ventures and support voter outreach efforts.
- Trump has reportedly made $2.4 billion from crypto ventures since 2022, now comprising 44% of his post-presidency wealth.
- Newsom is leveraging parody tactics, including Trump-style tweets and MAGA-themed merchandise, as part of his broader political messaging.
California Governor Gavin Newsom has announced plans for a satirical cryptocurrency called the “Trump Corruption Coin,” designed to mock what he views as the absurdity of Donald Trump’s embrace of memecoins and other digital assets.
Speaking on the Pivot podcast, Newsom explained that the project is part of his broader “Campaign for Democracy” initiative, with proceeds going toward redistricting and voter outreach.
Gavin Newsom: "We're about to put a meme coin out."
— Blue Georgia (@BlueATLGeorgia) August 29, 2025
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
He stressed that the coin is meant to parody Trump’s ventures, calling the current 47th President of the United States “one of the great grifters of our time.”
Trump has heavily invested in crypto since leaving office, earning over $57 million from World Liberty Financial and accumulating 15.75 billion governance tokens, according to a 2025 ethics disclosure.
His Trump Media and Technology Group also reported holdings exceeding $2 billion in Bitcoin and other digital assets.
A New Yorker report estimates Trump’s crypto-related ventures have generated around $2.4 billion, now comprising nearly 44% of his post-presidency wealth.
Newsom’s parody campaign extends beyond the token.
He has mimicked Trump’s social media style with all-caps posts and launched MAGA-inspired merchandise, framing his memecoin as a political jab wrapped in digital parody.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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