🔴 The US Senate has taken on Trump's crypto — meme coins under scrutiny
— Democratic Senator Richard Blumenthal has initiated an official investigation into Donald Trump's crypto activities.
— In focus — the meme coin TRUMP and the crypto platform WLFI, launched through structures related to the former president's family.
— Blumenthal suspects: the launch may have violated government ethics laws and provoked funding from foreign players.
— Special emphasis — on a gala dinner with Trump, inviting 220 largest holders of TRUMP. According to the senator: "sell the token — buy dinner with the president."
— Companies are required to disclose financial reports and explain how they eliminate conflicts of interest.
📉 Impact on the crypto market — alarming: regulation of meme coins is back on the agenda, especially if politicians are involved. TRUMP is already fluctuating in price: +2.9%, then -2.86%.
Historical fact: the meme coin PEPE grew by 2,000% in the first 5 days of 2023. But as history shows — the higher the hype, the louder the fall.
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