Solana Founder Floats Launchpad for Gavin Newsom’s ‘Trump Corruption’ Coin

Solana co-founder Anatoly Yakovenko has weighed in on California Governor Gavin Newsom’s plans to launch his own crypto. The U.S. politician revealed that he will name the coin ‘Trump corruption’ in a bid to go up against the U.S. president.

Solana Founder Advises Gavin Newsom On Memecoin Launch

In an X post, Yakovenko told the California governor to use a fair launch protocol for his ‘Trump corruption’ memecoin launch. He noted that there are numerous options available, including Metaplex, a California-based company, which he claimed offers an excellent option.

The Solana founder also told Gavin Newsom that he could consider Gavel and Meteora, which have options as well. His advice came in response to the U.S. governor’s statement about plans to launch a coin.

In a Pivot podcast interview, the California governor said that they are about to put out a memecoin to compete with the TRUMP coin, which has ties to the U.S. president. He added that they are trying to “turn up the heat and tune people into the absurdity,” in reference to the president’s involvement in crypto.

Gavin Newsom stated that they would name the coin “Trump corruption coin” when asked if the memecoin’s name would be ‘Gavin coin.’ The Democrat politician further described President Trump as one of the “great grifters” and said that his involvement in crypto is not normal.

Notably, the TRUMP coin is a Solana-based memecoin. Therefore, both coins could go directly head-to-head if the California Governor moves ahead with plans to launch the ‘Trump corruption’ coin.

Trump Family Boosts Wealth With WLFI Launch

Gavin Newsom’s statement comes amid the launch of the World Liberty Financial (WLFI) token, which is the native token of the Trump family’s flagship crypto project. The Wall Street Journal reported that the president’s family gained as much as $5 billion in paper wealth following the token’s launch.

Notably, the president’s involvement in crypto continues to draw criticism. Members of Congress, particularly Democrats, had previously blocked crypto bills due to Trump’s crypto ties. Furthermore, Congresswoman Maxine Waters once proposed the ‘Stop Trump In Crypto’ Act to block the president, vice president, and members of Congress from involving themselves in crypto.

Meanwhile, legal expert Jake Chervinsky recently opined that World Liberty Financial will make it harder for the Crypto Market Structure bill to pass in the Senate. He noted that 7 Democrats need to vote yes for the bill to pass and that a pro-crypto vote will be politically challenging.