Post by Augustine Chiagozie (@pabloexchange)

🇺🇸 Senators Urge SEC to Probe Trump Meme Coin

Democratic senators Elizabeth Warren and Richard Blumenthal called on the SEC to investigate the meme coin TRUMP. Nearly 1 million wallets lost money since its January 2025 launch, with total losses around $3.81 billion. They accused Trump of a "rug pull" and urged a securities law probe.

The issue gains urgency as senators enter August recess. Without Congress passing the Clarity Act this year, the SEC will keep shaping digital asset rules, having said meme coins aren’t securities.

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