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August 4, 2026

Senators Demand SEC Investigation into Trump’s Memecoin

  • Senators Warren and Blumenthal express concerns that Trump's memecoin may be an illegal scam.
  • The memecoin's value plummeted from $9 billion to under $400 million, causing significant investor losses.
  • Almost 1 million investors reportedly lost a total of $3.8 billion on the Trump memecoin.
  • The SEC's jurisdiction over memecoins remains unclear, complicating potential investigations.

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