{"id":51555,"date":"2026-08-05T00:22:23","date_gmt":"2026-08-05T00:22:23","guid":{"rendered":"https:\/\/cryptd.in\/us-senators-urge-sec-to-probe-trump-meme-coin-over-billions-in-investor-losses\/"},"modified":"2026-08-05T00:22:23","modified_gmt":"2026-08-05T00:22:23","slug":"us-senators-urge-sec-to-probe-trump-meme-coin-over-billions-in-investor-losses","status":"publish","type":"post","link":"https:\/\/cryptd.in\/el\/us-senators-urge-sec-to-probe-trump-meme-coin-over-billions-in-investor-losses\/","title":{"rendered":"US Senators Urge SEC to Probe Trump Meme Coin Over Billions in Investor Losses"},"content":{"rendered":"

US Senators Elizabeth Warren and Richard Blumenthal have sent a letter to SEC Chair Paul Atkins asking the agency to investigate President Donald Trump\u2019s meme coin, arguing it may have facilitated fraud or unlawful enrichment at the expense of retail investors.<\/p>\n

The lawmakers cited reports showing that nearly a million investors collectively lost over $3.8 billion on the token between its launch in January 2025, just days before Trump\u2019s inauguration, and the end of June 2026.<\/p>\n

Within the same timeframe, the POTUS and his family have reportedly earned<\/a> around $636 million through trading fees and other revenue streams connected to the token.<\/p>\n

Warren and Blumenthal claimed<\/a> that the asymmetry between investor losses and insider gains warrants a formal SEC probe into the project\u2019s structure and marketing.<\/p>\n

They pointed to allegations that some traders profited from the meme coin\u2019s launch before the broader public could react, which raised some eyebrows about possible insider trading.<\/p>\n

They argued that such actions and the subsequent TRUMP price slump of 98% since its all-time high may resemble a \u201csoft rug pull.\u201d<\/p>\n

The letter references previous SEC enforcement actions against similar crypto schemes and recent warnings from certain state regulators, such as New York\u2019s, about pump-and-dump and rug pulls in the meme coin niche.<\/p>\n

Official Trump skyrocketed to over $70 within hours after launch, but it has crumbled to under $1.50 as of press time. It has also left the top 100 alts by market cap a year and a half after becoming<\/a> a top 20 asset and the second-largest meme coin.<\/p>\n

Meanwhile, the team behind the token has been linked<\/a> to countless sales as the price tumbled.<\/p>\n

\u0397 \u03b8\u03ad\u03c3\u03b7 US Senators Urge SEC to Probe Trump Meme Coin Over Billions in Investor Losses<\/a> \u03b5\u03bc\u03c6\u03b1\u03bd\u03af\u03c3\u03c4\u03b7\u03ba\u03b5 \u03b3\u03b9\u03b1 \u03c0\u03c1\u03ce\u03c4\u03b7 \u03c6\u03bf\u03c1\u03ac \u03c3\u03c4\u03bf CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

US Senators Elizabeth Warren and Richard Blumenthal have sent a letter to SEC Chair Paul Atkins asking the agency to investigate President Donald Trump\u2019s meme coin, arguing it may have facilitated fraud or unlawful enrichment at the expense of retail investors. The lawmakers cited reports showing that nearly a million investors collectively lost over $3.8 […]<\/p>\n","protected":false},"author":1,"featured_media":51557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-51555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nUS Senators Urge SEC to Probe Trump Meme Coin Over Billions in Investor Losses - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/el\/us-senators-urge-sec-to-probe-trump-meme-coin-over-billions-in-investor-losses\/\" \/>\n<meta property=\"og:locale\" content=\"el_GR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Senators Urge SEC to Probe Trump Meme Coin Over Billions in Investor Losses - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"US Senators Elizabeth Warren and Richard Blumenthal have sent a letter to SEC Chair Paul Atkins asking the agency to investigate President Donald Trump\u2019s meme coin, arguing it may have facilitated fraud or unlawful enrichment at the expense of retail investors. 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