Overview

• Speaking at a Politico event in Sacramento, California’s governor said he plans to add a coin to his online store, floating the name "Trump corruption coin."
• He recounted a conversation with the president about what he called Trump’s "crypto grift," saying Trump was surprised that a meme coin is not an actual coin.
• Newsom’s Patriot Shop already sells Trump-mocking merchandise, and his press office has posted Trump-style all-caps messages, Fox News reported.
• Raw Story reports Trump launched the $TRUMP token in January and claims it reached tens of billions in value, with concentrated holdings and widespread investor losses; these details are presented as the outlet’s reporting.
• Gizmodo highlighted the new coin tease and noted uncertainty about whether it will be a real cryptocurrency or a novelty item, with Newsom signaling a satirical product.