Gov. Gavin Newsom Teases Memecoin to Challenge Trump | CoinDesk Daily

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4.7 • 698 Ratings

🗓️ 3 September 2025

⏱️ 3 minutes

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Summary

California Gov. Gavin Newsom teases an upcoming release of a memecoin to challenge TRUMP. California Governor Gavin Newsom teased an upcoming release of a memecoin to challenge TRUMP. Will it be able to "turn up the heat"? CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.” - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit midnight.network/break-free - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0	Governor Gavin Newsom teases an upcoming meme coin and Galaxy Digital brings its stocks on chain.
0:05.8	You're watching Coin Desk Daily. I'm your host, Jen Sanassi.
0:15.1	If Gavin Newsom creates a meme coin of his own, could it beat the Trump coin?
0:20.0	The governor of California teased the release of a meme coin to challenge own. Could it beat the Trump coin? The governor of California
0:21.1	teased the release of a meme coin to challenge that of President Donald Trump's.
0:25.5	You know, we're about to put a meme coin out. And you know what, Donald Trump, we'll see
0:29.2	how well your coin does versus our coin. I mean, we're just trying to turn up the heat
0:37.1	and trying to tune people into the absurdity.
0:39.6	Is it going to be called Gavin Coin?
0:41.0	No, it's, I think, Trump Corruption Coin.
0:42.9	He told Kara Swisher on the Pivot podcast that it will be named the Trump Corruption Coin,
0:48.5	and they're looking to, quote, turn up the heat, whether this signals a genuine foray
0:53.5	intercrypto or is simply the most
0:55.8	2025 form of political trolling remains to be seen. As of this morning, the official Trump coin
1:02.0	is trading at $8.40. Galaxy Digital is bringing its stock on the blockchain as equity tokenization
1:08.7	gains steam. The NASDAQ listed company has partnered with blockchain firm SuperState to tokenize its
1:14.0	Class A common stock on Solana.
1:16.2	The firm said that the tokenization preserves full SEC registered equity rights while enabling
1:21.8	on-chain holding and transfer of shares.
1:24.9	The initiative aims to merge traditional equity compliance with blockchain
1:28.1	benefits like fast settlement and transparency.
2:07.6	Thank you. And the SEC and CFTC have announced that certain crypto assets can change hands with the approval from both of the U.S. market's regulators. The joint statement said that today's registered training platforms can do spot training business with the agency's blessing.
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