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California Governor Gavin Newsom will launch a memecoin to mock Trump.
According to ChainCatcher news, as reported by Decrypt, California Governor Gavin Newsom stated in his latest satirical move that he will launch his own memecoin “Trump Corruption Coin” in response to the previously launched “Official Trump” coin. Previously, he revealed that the token would be used to fund his democratic movement and redistricting efforts, with proceeds going to support grassroots organizations. Newsom mentioned in a podcast that he would challenge Trump's cryptocurrency project by issuing a memecoin, stating that “Trump's corruption coin” might perform better than Trump's coin.