Newsom Slams Trump Over TRUMP Memecoin Gala, Calls It 'Selling Access to the White House'
California Governor Gavin Newsom has accused President Donald Trump of selling access to the White House through the Official Trump (CRYPTO: TRUMP) memecoin. Newsom made the statement in response to the announcement of a gala dinner for TRUMP holders, scheduled for November 22 at Trump National Golf Club in Washington, D.C. The top 185 holders will receive invitations, with the top 29 gaining VIP access.
Newsom pointed out that he recently signed legislation barring California public officials from issuing meme coins, calling it the 'opposite' of what Trump did with TRUMP. The Governor's office described the move as a way to prevent corruption and ensure that public officials are not exploiting their positions for personal gain.
Trump is expected to attend the gala dinner as a featured speaker, alongside three unnamed 'legends' who will be chosen based on their time-weighted holdings in TRUMP. Historically, such announcements have triggered a surge in TRUMP, followed by a sharp sell-off once the event ends.