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.
The OFFICIAL MELANIA meme coin modestly outperformed the OFFICIAL TRUMP coin in late August and early September despite similar market trends. TRUMP surged 75% in a week but then declined, ending 31.09% higher over a month, while MELANIA rose steadil...
TRUMP cryptocurrency fell 10% recently after a strong 34% gain last month, entering a key demand zone that previously caused price reversals. This zone could trigger a rebound toward $3.00-$3.40, but failure to hold may lead to a deeper drop. Market ...
Cryptocurrency markets saw a general decline with major coins like Bitcoin dropping 2.03% to $77,737 and Ethereum falling 1.66% to $2,457.87. Other notable cryptocurrencies such as Binance Coin, XRP, and Dogecoin also experienced significant decrease...
Cryptocurrency markets exhibit mixed price changes, with Bitcoin trading slightly down at around $78,986 and Ethereum close to $2,479. Some altcoins like DOT and PUMP show significant gains of over 10%, indicating selective investor interest. Stablec...
