Close Menu
Cryprovideos
    What's Hot

    AB Anyplace: Lists on Binance Alpha | UseTheBitcoin

    June 7, 2025

    Home Democrats Sound Alarm on CLARITY Act: Affect 'Will Not Be Quarantined to Crypto', Says Skilled – Decrypt

    June 7, 2025

    Musician made $3M promoting NFTs and misplaced all of it to taxes and a crypto crash

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Crypto-Critic Elizabeth Warren Urges Regulators to Probe Trump Meme Cash – Decrypt
    Crypto-Critic Elizabeth Warren Urges Regulators to Probe Trump Meme Cash – Decrypt
    Crypto News

    Crypto-Critic Elizabeth Warren Urges Regulators to Probe Trump Meme Cash – Decrypt

    By Crypto EditorJanuary 24, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Crypto-Critic Elizabeth Warren Urges Regulators to Probe Trump Meme Cash – Decrypt

    In a letter despatched to federal regulators on Wednesday, famous crypto-critic Senator Elizabeth Warren and Consultant Jake Auchincloss referred to as for an investigation into the Trump and Melania meme cash launched on the Solana blockchain a day earlier than Donald Trump’s second inauguration. 

    Warren and Auchincloss raised considerations about potential conflicts of curiosity, shopper dangers, and nationwide safety implications of cryptos linked to Trump and First Girl Melania.

    “The Trump family-controlled Trump Group and its associates maintain 80% of the TRUMP coin, leaving the remaining 20% of buyers to bear the price of coin’s worth volatility,” the letter stated. 

    Final week, then-President-Elect Trump launched the TRUMP meme coin, adopted the day earlier than the inauguration by Melania Trump’s Melania Meme coin.

    Trump’s resolution to hitch the meme coin craze sparked debate and criticism on Crypto Twitter.

    > dropping TRUMP memecoin 2 days earlier than changing into president is nasty work
    > new SEC/DOJ ensures no prosecution
    > 80% of tokens vest to insiders DURING the presidency
    > most ppl dropping cash will likely be MAGA who aren’t crypto native
    > *ought to* be against the law however crime is authorized now ig?

    — Coffeezilla (@coffeebreak_YT) January 18, 2025

    “The launch has massively enriched Trump personally, enabled a mechanism for the crypto business to funnel money to him, and created a unstable monetary asset that permits anybody on the earth to financially speculate on Trump’s political fortunes,” Warren and Auchincloss wrote.

    The Official Trump meme coin’s market capitalization stands at roughly $7 billion, with every token buying and selling at $35.05, in response to CoinGecko information. The Melania meme coin, in the meantime, has a market capitalization of over $415 million and is buying and selling at $2.77.

    The letter additionally famous that the meme cash contributed to a surge within the Trumps’ internet value, which now stands at $58 billion. Warren and Auchincloss expressed concern over the potential for overseas affect on the President by these monetary property.

    “Anybody, together with the leaders of hostile nations, can covertly purchase these cash, elevating the specter of uninhibited and untraceable overseas affect over the President of the US,” the letter stated. It additionally raised considerations a few potential rug pull.

    “President Trump and his related enterprise entities that personal 80% of TRUMP might dump their cash after a three-year interval, producing big sums for themselves whereas crashing the worth of the coin for his supporters left holding the bag,” the letter stated.

    Warren and Auchincloss requested company heads to deal with key questions in regards to the meme cash and requested responses by February 4, 2025. 

    These questions embrace: 

    • What ethics guidelines apply to the President and First Girl’s holdings in TRUMP and MELANIA? 
    • Will FinCEN present Congress with annual stories on buying and selling exercise in TRUMP, MELANIA, and future Trump household cash? 
    • What authority do the SEC and CFTC have to deal with the dangers meme cash pose to retail buyers?

    Warren and Auchincloss additionally took intention on the broader meme coin business for failing to ship any significant advantages to the broader monetary ecosystem.

    “These cash don’t create new sooner, cheaper, and safer fee rails,” the letter stated. “These cash don’t assist folks borrow extra affordably. They don’t enhance the monetary system in any method for customers.”

    Edited by Sebastian Sinclair

    Each day Debrief Publication

    Begin every single day with the highest information tales proper now, plus unique options, a podcast, movies and extra.





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    AB Anyplace: Lists on Binance Alpha | UseTheBitcoin

    June 7, 2025

    Home Democrats Sound Alarm on CLARITY Act: Affect 'Will Not Be Quarantined to Crypto', Says Skilled – Decrypt

    June 7, 2025

    Musician made $3M promoting NFTs and misplaced all of it to taxes and a crypto crash

    June 7, 2025

    Whale Switch Sends Billions of SHIB to Coinbase—What’s Going On? – BlockNews

    June 7, 2025
    Latest Posts

    Bitcoin at Danger of Deeper Pullback as Momentum Stalls, Analyst Says

    June 7, 2025

    Bitcoin Repeating 2024 Rally? Analysts Eye ‘Actual Breakout’ To $120,000

    June 7, 2025

    Extensively Adopted Analyst Outlines Bullish Path for Bitcoin, Says BTC Will Battle Gold and ‘By no means Look Again’ – The Day by day Hodl

    June 7, 2025

    Crypto Suffers $1 Billion Flush As Musk-Trump Feud Shakes Bitcoin

    June 7, 2025

    Bitcoin MVRV Ratio Kinds Bear Cross—Brace For Affect?

    June 7, 2025

    Public Keys: Gemini Twinning Circle, Technique's 'Most popular' Bitcoin Play – Decrypt

    June 7, 2025

    Bitcoin ATM Operator CoinFlip Targets $1B Sale as Market Shifts

    June 7, 2025

    Bitcoin Recovers From $100K Dip Whereas On-Chain Knowledge Exhibits Rising Miner Exercise

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Can These New Crypto Cash Explode After Travala-Trivago Crypto Integration?

    February 5, 2025

    FDIC Axes Earlier Rule, Provides Inexperienced Mild to Banks To Conduct ‘Crypto-Associated Actions’ With out Prior Approval – The Each day Hodl

    March 29, 2025

    Binance Expands Loanable Belongings Portfolio with New Additions

    November 20, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.