California Governor Gavin Newsom has stirred fresh controversy by suggesting the launch of a parody cryptocurrency called the “Trump Corruption Coin.”

Newsom floated the idea in an August 29 appearance on the Pivot podcast. He framed it as a response to President Donald Trump’s deepening involvement in the digital asset industry.

Why California Governor Wants to Launch a Trump Corruption Coin

According to Newsom, Trump’s long record of engagement with crypto firms has created an environment ripe for conflicts of interest.

“This is just jaw-dropping. And none of this is normal. Again, none of this is funny. I mean, it’s funny in one respect, but it’s also extraordinary what’s going on. It’s jaw-dropping,” Newsom stated.

Newsom also suggested that members of Trump’s family have entered into digital asset deals timed to coincide with policy decisions such as tariffs.

Considering this, the governor said he would continue to call out the president’s “graft and corruption [and] self-dealing ” in the crypto industry.

Newsom’s remarks underscored a broader argument that Trump’s crypto activities go be