CoinDesk Podcast Network Gov. Gavin Newsom Teases Memecoin to Challenge Trump | CoinDesk Daily
Sep 3, 2025
California Governor Gavin Newsom has teased a new memecoin aimed at challenging Donald Trump's influence in the crypto space. This bold political move sparks discussions about the intersection of politics and cryptocurrency. The podcast also touches on Galaxy Digital's decision to tokenize its stock, highlighting the innovative shifts in equity markets and the impacts of regulatory changes. Tune in for insights into privacy and the evolving landscape of blockchain technology!
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Newsom Teases Anti‑Trump Meme Coin
- Gavin Newsom announced he's "about to put a meme coin out" and joked it will challenge Trump's coin.
- He said it will likely be called the "Trump corruption coin" to "turn up the heat."
Political Meme Coins Draw Market Interest
- The Trump coin was trading at $8.40 at the time of reporting, showing active market demand.
- Meme coins tied to political figures can attract significant price attention quickly.
Public Company Moves Into Tokenized Equity
- Galaxy Digital is tokenizing its Class A common stock on Solana with SuperState.
- Tokenized equity preserves SEC-registered rights while enabling on‑chain holding and faster settlement.