SACRAMENTO, California — Gov. Gavin Newsom told POLITICO on Wednesday he is “about to come out” with his own memecoin in a jab at Donald Trump’s own cryptocurrency ventures as the California Democrat expands his online troll campaign against the president.
“By the way, I’m about to come out with a coin on my Patriot site. So you may want to look into that,” Newsom said with a laugh, referencing his online parody merchandise shop created to poke fun at Trump. “I think we’ll add a coin, maybe a Trump corruption coin or something.”
The memecoin idea builds on Newsom’s weeklong campaign parodying Trump’s signature MAGA branding. His “Governor Newsom Press Office” account on X has trolled the president’s brash, all-caps social media blasts. And earlier this week, Newsom launched the “Patriot Store” featuring MAGA-style merchandise, such as red hats reading “NEWSOM WAS RIGHT ABOUT EVERYTHING!”
Newsom’s latest remarks came during an interview at POLITICO’s inaugural “The California Agenda: Sacramento Summit,” as he spoke about his now-infamous phone call with Trump earlier this summer about the president deploying the National Guard to Los Angeles.
The governor said Trump mentioned his “crypto grift” and his own memecoin, $TRUMP, in a previous conversation with the president.
Other Democrats have raised concerns about Trump’s entanglements with the crypto industry. Trump earlier this year held a private dinner with buyers of his memecoin. His business empire, Trump Media and Technology Group, announced last month it had acquired about $2 billion in bitcoin and other digital assets.
