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California Gov. Newsom Fires Back At US President With ‘Trump Corruption Coin’ Tease

California Governor Gavin Newsom on Friday teased a brand new satirical memecoin known as “Trump Corruption Coin,” a part of what he described as a broad push to mock US President Donald Trump’s rising ties to the crypto scene.

The governor made the comment throughout a high-profile look on the Pivot podcast and on the California Agenda: Sacramento Summit, saying the coin could be tied to his “Campaign for Democracy.”

Governor’s Mocking Move

According to Newsom, the token is supposed as political satire and a fundraising device. Reports have disclosed that proceeds could be directed towards redistricting work and voter outreach — causes the governor has mentioned are central to his marketing campaign efforts.

He framed the concept as a technique to spotlight what he calls the “absurdity” of well-known crypto maneuvers tied to the US President.

Newsom’s comments come after weeks of more and more pointed on-line trolling. He has been promoting parody gadgets in a Patriot Shop that mirrors MAGA-style branding, and his group has used all-caps social posts and AI-generated memes to needle conservative figures.

The coin tease was delivered with a jab: when requested if it might be known as a “Gavin Coin,” he mentioned no — it might be “Trump Corruption Coin.”

A Direct Response To Trump’s Crypto Moves

Based on reviews, the governor additionally drew a distinction with tokens tied to Trump. He famous the President’s earlier foray into memecoins and up to date crypto-linked exercise surrounding his circles.

Reports have referenced Trump’s personal Solana-based token, which was launched earlier this yr and has drawn scrutiny from critics.

Political strategists say the stunt serves a double objective: it retains Newsom within the headlines, and it forces dialog concerning the messy overlap between politics and crypto.

Campaign aides declined to put out technical particulars instantly; it was not clear if the memecoin could be a completely tradable token, a novelty NFT, or a limited-run collectible tied to the Patriot Shop. What was made plain is that the transfer is satirical and activist in tone.

What To Watch Next

Observers will watch three issues carefully: whether or not the coin is minted on a public blockchain, how a lot cash it raises, and the way regulators reply.

Meanwhile, Trump simply backed the launch of WLFI, a token promoted as a serious a part of his crypto push.

The coin noticed heavy buying and selling in its first days however rapidly dipped by about 30% after launch, elevating questions on stability and long-term investor confidence.

This growth added extra gas to critics who say Trump’s embrace of memecoins and crypto initiatives is much less about coverage and extra about revenue.

Featured picture from Justin Sullivan/Getty Images, chart from TradingView

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