Call for Investigation Into Trump Family’s Meme Coins
Senator Elizabeth Warren and Representative Jake Auchincloss have sent a letter to U.S. regulatory agencies, including the Office of Government Ethics, SEC, Treasury Department, and CFTC, urging an investigation into the TRUMP and MELANIA meme coins.
In their letter, they expressed concerns about potential ethical violations related to the launch of these tokens. They highlighted the risk that anyone, including foreign actors, could purchase TRUMP Official coins and potentially gain influence over the U.S. president.
"Anyone, including leaders of hostile nations, can secretly purchase these coins, creating the risk of unlimited and untraceable foreign influence over the President of the United States," Warren and Auchincloss stated.
Wealth Growth and Declining Value
The document claims that Donald Trump and his wife’s net worth skyrocketed overnight to $58 billion due to these meme coins. The coins now account for nearly 90% of Trump’s assets. Additionally, the Trump Organization has been accused of earning $58 million in trading fees by January 20.

Launched on January 18, TRUMP meme coins reached a market capitalization of over $10 billion within 24 hours. However, their value has since dropped by more than 50%, from $73 to the current $34. The market capitalization of TRUMP is now at $6.8 billion.
MELANIA meme coins have suffered even greater losses. After reaching an all-time high of $13 on launch day, their value has plummeted by 80% to $2.56.
Questions About Legal Disclaimers
The letter also points out the disclaimer associated with these meme coins, which states that the coins are not investment opportunities or securities but symbols of support for Trump’s ideals. Warren and Auchincloss questioned whether this disclaimer is sufficient to exempt the coins from federal laws and shield them from legal complaints.
They called on regulators to investigate whether action could be taken if investors began filing complaints about substantial losses linked to these tokens.
Allegations of Manipulation and Major Profits
The letter alleges that up to 80% of TRUMP tokens are owned by CIC Digital and Fight Fight Fight LLC, two companies tied to the Trump Organization. These entities are accused of potentially selling their holdings to make massive profits, triggering a drop in the coins’ value and significant losses for other investors.
Data reveals that around 60 wallets hold the majority of funds generated by TRUMP tokens. Over 77% of TRUMP holders have reportedly made profits of less than $100, suggesting that most investors have gained minimally, while major stakeholders reaped substantial benefits.
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