Crypto
$TRUMP Memecoin Under Fire as Senators Demand SEC Probe
US Senators Elizabeth Warren and Richard Blumenthal have called on regulators to investigate the $TRUMP memecoin after reports of significant losses.
Nearly one million investors are said to have lost $3.81 billion while Trump-affiliated entities received $636 million from the project.
The request comes as Congress debates broader cryptocurrency legislation, highlighting concerns over the regulatory environment for digital assets.