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California Governor Gavin Newsom announced plans to launch his own meme coin as a satirical jab at President Donald Trump’s cryptocurrency ventures. The proposed ‘Trump Corruption Coin’ represents the latest escalation in Newsom’s campaign to mock Trump’s crypto initiatives. This move highlights the growing intersection of politics and digital assets in the 2024 election cycle.
- Trump's Official Trump (TRUMP) meme coin ranks as the 77th largest cryptocurrency with a $1.7 billion market cap, despite trading 88% below its January all-time high of $73.43
- The Trump family holds a $6 billion stake in WLFI token, part of a recently launched Ethereum-based project valued at over $26 billion on major exchanges
- Trump campaigned on pro-crypto policies including easing regulations, creating a Strategic Bitcoin Reserve, and requiring all future Bitcoin to be mined by U.S. companies
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