California Governor Prepares Satirical Memcoin Against Trump
Date: 2025-09-01 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
California Governor Gavin Newsom has announced the launch of a cryptocurrency project that is intended to be a parody of US President Donald Trump's activities in the digital asset sector. The new memcoin will be called Trump Corruption Coin, and all proceeds from its sale are planned to go to the Campaign for Democracy initiative, which is focused on redistricting and voter mobilization.
On the air of the Pivot podcast, Newsom emphasized that this project is not just a joke, but a satirical response to Trump's active participation in the cryptocurrency industry. "We're going to launch our own memcoin. And we'll see how it compares to Donald Trump's coins," the governor said. At the same time, he clarified that the token will not be associated with his name, and the official name will remain Trump Corruption Coin.
Observers note that Trump is actively using the crypto sector to strengthen his political reputation. According to his own data, in June he declared an income of $57.4 million from participation in the World Liberty Financial project and reported owning 15.75 billion WLFI tokens. In addition, his company Trump Media and Technology Group disclosed data on the storage of bitcoins and other digital assets worth more than $2 billion.
According to The New Yorker, since 2022, Trump has earned about $2.4 billion on his crypto projects. Experts note that such a large-scale involvement of the head of state in the digital economy raises questions about a possible conflict of interest.
Commenting on his move, Newsom called Trump "one of the greatest fraudsters of our time" and added that the purpose of his initiative is to emphasize the absurdity of what is happening. The governor has been actively using satirical elements in this campaign: he recently imitated Trump's style of posts on the social network X, and also presented a line of MAGA-style merchandise, including caps with the inscription "Newsom was right about everything."
The political background of the situation is obvious. While Newsom is trying to draw attention to the alleged corruption of the president's activities, the Senate continues to work on legislative changes. Senator Cynthia Lummis has already stated that the draft law on regulating the crypto market will be presented to Trump by the end of November 2025.
Thus, the initiative of the California governor looks not only like an attempt to satirically attack the president, but also as a tool for raising funds and drawing attention to issues of democratic processes in the United States.
