💥 The Trump Family Meme Coin Sparks Investigation, Senators and Representatives Join Forces to Question!
Senator Elizabeth Warren and Representative Jake Auchincloss have joined together to call for a federal investigation into the Trump family's meme coin! This has shocked the community!
They wrote to the U.S. Office of Government Ethics, the Treasury Department, the Securities and Exchange Commission, and the Commodity Futures Trading Commission, requesting an investigation into the meme coins launched by Trump, including the 'Trump Official Token' (TRUMP) and 'Melania Meme' (MELANIA), to confirm whether they violate ethical and regulatory rules.
The letter also mentioned that Trump profited immensely from the meme coins by leveraging his presidential status, with his family business controlling 80% of the meme coin supply. Just last weekend, meme coin prices surged, and Trump's net worth skyrocketed by billions of dollars.
Even more concerning is their point that anyone, including foreign leaders, can quietly purchase these meme coins, which could lead to Trump being manipulated by external forces. Just thinking about this situation feels like too much risk!
They also emphasized that these meme coins have gained notoriety for alleged fraud and scams. The Trump team could suddenly sell off, triggering a price collapse and causing huge losses for investors. Moreover, the token terms shockingly grant them protection from fraud allegations, making it difficult for victims to sue or join class-action lawsuits, which is extremely unfair to investors.
Finally, they raised several key questions. For example, do they know of any other incoming presidents who have set up companies just hours before taking office? Do the meme coins held by Trump and Melania need to adhere to ethical standards? Also, can U.S. anti-corruption laws prevent foreigners from purchasing these coins? And do the SEC and CFTC have the capability to address the risks posed by meme coins? They requested clear answers to all these questions by February 4.
The controversy surrounding the Trump family's meme coins continues to escalate; what do you think about this incident? With federal agencies getting involved in the investigation, do you believe it will reveal more insider information? Share your thoughts in the comments!
