Senators Elizabeth Warren and Richard Blumenthal are urging the SEC to investigate the Official Trump ($TRUMP ) memecoin.
They claim Trump and early buyers made $636M, while over 1M investors lost $3.81B after TRUMP crashed 98%.
The Senators say the crash resembles a pump-and-dump or rug pull and want the SEC to investigate.
However, the timing of the request is questionable. The issue is also linked to ethics concerns that Democrats say must be addressed before the CLARITY Act can move forward. $WLFI
They claim Trump and early buyers made $636M, while over 1M investors lost $3.81B after TRUMP crashed 98%.
The Senators say the crash resembles a pump-and-dump or rug pull and want the SEC to investigate.
However, the timing of the request is questionable. The issue is also linked to ethics concerns that Democrats say must be addressed before the CLARITY Act can move forward. $WLFI