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California governor Gavin Newsom says he’ll launch a meme coin known as ”Trump Corruption Coin” to mock US President Donald Trump.
“This is without doubt one of the nice grifters of our time,” Newsom mentioned of Trump during an look on the Pivot with Kara Swisher and Scott Galloway podcast. “That is simply jaw-dropping.”
Democrat Newsom has been actively trolling Trump by posting on X in Trump’s signature model capital letters in addition to copying his language and most well-known phrases.
Newsom Says He Needs To Convey A Mirror To The Absurdity In Politics
Newsom mentioned that his continued mocking of the President is supposed to function a mirror to “the absurdity” presently happening within the political enviornment.
“It’s comical, and but it’s grow to be so normalized and socialized in a manner that’s not even critiqued within the excessive proper,” he mentioned.
By launching his personal meme coin, the governor goals to take his mocking of Trump to the subsequent degree.
“We’re about to place a meme coin out and you already know what, Donald Trump?” he mentioned. “We’ll see how properly your coin does versus our coin.”
TRUMP Meme Coin Plummets 7%
Trump guarantees to make America the ”crypto capital of the world” and the business has been a significant focus of him and his household.
The TRUMP meme coin was launched forward of the President’s inauguration in January on the Solana community, and the primary woman’s Official Melania Meme (MELANIA) meme coin adopted quickly after.
TRUMP soared on launch however crashed quickly after. Regardless of that, it didn’t take lengthy for the President’s token to climb the meme coin ranks. At the moment, the token is the fifth-largest meme coin with a capitalization exceeding $1.67 billion.
TRUMP worth chart (Supply: CoinMarketCap)
That ranks it above widespread meme cash that includ Bonk (BONK), SPX6900 (SPX), Dogwifhat (WIF) and Fartcoin (FARTCOIN).
The one meme cash which have a bigger market cap than TRUMP are Pudgy Penguins (PENGU), Pepe (PEPE), Dogecoin (DOGE) and Shiba Inu (SHIB).
The TRUMP worth has plunged greater than 7% previously 24 hours to commerce at $8.38 as of 5:05 a.m. EST, based on information from CoinMarketCap.
Trump Household Criticized For Its Crypto Ventures
Different members of the Democratic Celebration have lambasted Trump for utilizing his presidency to complement himself and his household whereas concurrently dismantling regulatory safeguards.
Among the many critics is Senator Elizabeth Warren, who mentioned Trump is making an attempt to show the White Home right into a “crypto money machine.”
Individuals didn’t ship us to Congress to assist Trump flip the White Home right into a crypto money machine.
We will not look the opposite manner when the President hosts a non-public dinner for his high meme coin consumers—or cross crypto payments just like the GENIUS Act that might additional line his pockets. pic.twitter.com/W0oXsF22bG
— Elizabeth Warren (@SenWarren) Might 22, 2025
A number of the crypto ventures the President and his household are concerned in embody a decentralized finance (DeFi) platform known as World Liberty Monetary, a crypto mining agency known as American Bitcoin, Polymarket, and Metaplanet, which is without doubt one of the main Bitcoin treasury corporations.
Simply yesterday, World Liberty Monetary debuted its WLFI token on most of the largest crypto alternate platforms.
The token entered the market with a complete provide of 100 billion tokens and a totally diluted market worth of $30 billion. It’s already ranked among the many high 30 largest cryptos.
In response to World Liberty Monetary’s web site, DT Markets DEFI LLC and “sure relations” of the Trump household held 22.5 billion WLFI tokens. The full holdings are valued at greater than $5 billion, with the crypto buying and selling at $0.2489 as of 5:25 a.m. EST.
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