Gavin Newsom: “Investors in his meme coin lost $3.8 billion.”

“What more evidence did you need than the tax returns that he just put out? The $2.2 billion in income that Donald Trump has received, the fact that Investors in his meme coin lost $3.8 billion. Was it. While he made out with over $600 million. The great grift, you saw that on display, vulgar display, with a $400 million Atari plane that he had to …” (00:12–00:23)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.