Senators Elizabeth Warren and Richard Blumenthal have asked the SEC to investigate whether the TRUMP meme coin involved fraud or improper enrichment after its value plummeted 98% from over $73 to about $1.47. Nearly 989,000 wallets lost a combined $3.81 billion, raising concerns about potential illegal activity or insider gains. The request adds pressure to ongoing ethics debates in the CLARITY Act, which aims to regulate digital assets but faces delays partly due to conflicts over enforcement and developer protections. The SEC will need to determine if securities laws apply and if any violations occurred as the token's collapse highlights risks in presidential-linked crypto ventures.
Trump Media-linked wallets transferred 2,628 Bitcoin (BTC), worth about $165 million, to Crypto.com on August 2, 2026. Although on-chain analysts suggest this transfer indicates another sale, neither Trump Media nor SEC filings have confirmed an actu...
In 2025, disclosures revealed that Donald Trump's crypto-related businesses earned $1.4 billion, prompting Senators to propose an ethics rule in the CLARITY Act banning senior officials from profiting via digital assets. This scrutiny impacts the Tru...
