Gavin Newsom Teases Launch of His Own Memecoin
- The New York Editorial Desk - Arif
- Aug 28
- 2 min read
Tone & Political Bias: Moderately Left-Leaning
Why: The coverage highlights Gov. Newsom’s parody campaign aimed at Donald Trump while presenting his remarks in a humorous but critical light, aligning with Democratic messaging.
Newsom’s Memecoin Remark
California Governor Gavin Newsom told POLITICO on Wednesday that he is preparing to launch a memecoin as part of his ongoing online trolling of President Donald Trump. “By the way, I’m about to come out with a coin on my Patriot site,”
Newsom said during a live interview, laughing as he suggested it could be named the “Trump corruption coin.” The comment was made at POLITICO’s inaugural California Agenda: Sacramento Summit.
Building on a Parody Campaign
The memecoin idea extends Newsom’s weeklong parody campaign that has targeted Trump’s brand and communication style:
His “Governor Newsom Press Office” account on X has mimicked Trump’s all-caps social media posts.
Earlier this week, he launched the “Patriot Store,” an online shop featuring MAGA-style merchandise such as red hats reading “NEWSOM WAS RIGHT ABOUT EVERYTHING!”
The governor’s use of satire has been framed as a political counter to Trump’s messaging strategy, especially as Trump ramps up online fundraising and branding efforts.
Trump’s Own Crypto Push
Newsom’s remark also ties back to Trump’s own ventures in digital assets:
Trump has previously promoted his $TRUMP memecoin and referenced it in a phone call with Newsom this summer, according to the governor.
The former president held a private dinner earlier this year with buyers of his coin.
Trump Media and Technology Group, a key part of his business network, announced last month it had acquired about $2 billion in bitcoin and other digital assets.
These moves have raised questions from Democrats and financial watchdogs about Trump’s involvement with the cryptocurrency industry.
The Backdrop: A Phone Call With Trump
Newsom mentioned his comments came partly in reference to a prior conversation with Trump.
The two spoke this summer about Trump’s order to deploy the National Guard to Los Angeles.
During the call, Trump reportedly brought up his “crypto grift” and his memecoin venture.
Newsom has used this interaction as further material in his ongoing parody campaign.
Broader Democratic Concerns
Beyond Newsom’s humor-driven strategy, other Democrats have raised broader concerns about Trump’s cryptocurrency activities.
They point to Trump’s mix of political power, business interests, and crypto promotion as a potential conflict of interest.
The emphasis has been on whether these ventures blur lines between political fundraising, business gain, and financial risk.
Why This Matters
The exchange highlights how cryptocurrency has become part of U.S. political battles.
For Trump, crypto ventures signal a new form of digital fundraising and cultural branding.
For Newsom, parodying Trump’s coin highlights potential vulnerabilities and criticisms of Trump’s approach.
For Democrats more broadly, Trump’s crypto ties raise regulatory and ethical questions as the industry faces increased federal scrutiny.
The memecoin announcement may never materialize, but Newsom’s remarks reinforce his role in shaping political narratives with humor while adding another front to partisan battles over finance, branding, and digital culture.
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