Newsom Swings, Misses When Trying to ‘Own’ Trump Over SpaceX Stock Purchases

Fact three: White House crypto czar David Sacks addressed this directly in June: “The President’s assets are in a blind trust. His sons are not in the government. They’re adults and they’re allowed to engage in business.” A blind trust means Trump doesn’t make the trades. That’s the whole point. Newsom either doesn’t know what a blind trust is or chose to pretend he doesn’t.

Yes, well, Trump’s blind trust (and it is a blind trust) purchased SpaceX stock earlier this year for $150/share. It closed this week at $139/share.

Dumbest ‘grift’ ever, huh, hair gel?

Maybe have your basement-dwelling staffer do some research before posting this BS.

— USA Features Media (@USAFeatures) August 27, 2026

The “grift” narrative isn’t original to Newsom either. It’s a coordinated Democratic talking point — Senator Liz “Fauxcohontas” Warren and Rep. Robert Garcia sent a 17-page demand letter earlier in August demanding Trump’s investment records, explicitly building an impeachment investigation file for use if Democrats retake the House. Newsom is just the 2028 presidential candidate version of the same operation: throw mud, hope it sticks, hope the correction arrives after the damage is done.