California governor plans to launch Meme Trump Corruption Coin to slam Trump controversial behavior

PANews reported on August 31 that according to Cointelegraph, California Governor Gavin Newsom said on a podcast that it plans to launch a Meme coin project called "Trump Corruption Coin" in response to Trump's controversial participation in the cryptocurrency field, and the proceeds will be used for constituency redistribution and voter outreach. It is reported that Trump has made about $2.4 billion in crypto-related businesses since 2022, accounting for 44% of his wealth during his political period. The move is seen as Newsom's ironic response to the Trump brand.