California Governor Hints At Launching a Trump Corruption Coin
California Governor Gavin Newsom has stirred recent controversy by suggesting the launch of a parody cryptocurrency referred to as the “Trump Corruption Coin.”
Newsom floated the concept in an August 29 look on the Pivot podcast. He framed it as a response to President Donald Trump’s deepening involvement within the digital asset business.
Why California Governor Desires to Launch a Trump Corruption Coin
In keeping with Newsom, Trump’s lengthy document of engagement with crypto corporations has created an atmosphere ripe for conflicts of curiosity.
“That is simply jaw-dropping. And none of that is regular. Once more, none of that is humorous. I imply, it’s humorous in a single respect, but it surely’s additionally extraordinary what’s happening. It’s jaw-dropping,” Newsom stated.
— Gavin Newsom (@GavinNewsom) August 31, 2025
Newsom additionally recommended that members of Trump’s household have entered into digital asset offers timed to coincide with coverage choices resembling tariffs.
Contemplating this, the governor stated he would proceed to name out the president’s “graft and corruption [and] self-dealing ” within the crypto business.
Newsom’s remarks underscored a broader argument that Trump’s crypto actions transcend private ventures and now intersect immediately together with his function in authorities.
Trump’s involvement with blockchain initiatives has expanded significantly since his return to workplace in January.
He has promoted initiatives just like the World Liberty Financial platform and its USD1 stablecoin, rolled out TRUMP-branded coins, and backed a number of NFT collections.
His son Eric Trump has been particularly vocal, saying the household’s curiosity in crypto grew after conventional banks lower off their entry to monetary providers.
In the meantime, these private investments have coincided with broader policy actions.
His administration has appointed pro-crypto officials like Howard Lutnick to key regulatory roles. It has additionally signed executive orders designed to combine digital belongings extra deeply into mainstream finance.
In keeping with him, these steps place america as a pacesetter within the fast-growing sector.
Nonetheless, Democrats contend that the overlap between Trump’s private initiatives and regulatory agenda is blurring moral boundaries.
Senator Elizabeth Warren and different lawmakers have cautioned that the president’s affect over each policymaking and personal ventures dangers undermining belief within the regulatory course of.
Consequently, Democratic legislators have since launched measures to limit public officers from immediately investing in cryptocurrencies.
The submit California Governor Hints At Launching a Trump Corruption Coin appeared first on BeInCrypto.
