President Donald Trump’s memecoin venture could soon come under scrutiny.
Two Democratic senators have urged the Securities and Exchange Commission to probe the president’s crypto venture after it blew up and crashed just as quickly, leading to billions of dollars in losses for nearly a million investors.
Sen. Elizabeth Warren of Massachusetts and Sen. Richard Blumenthal of Connecticut urged SEC Chairman Paul Atkins, a pro-crypto Trump appointee, to investigate the president’s memecoin “to detect any illegal fraud or unjust enrichment that the coin may have facilitated.”
The post Trump’s Memecoin Grift Hit With Calls for ‘Scam’ Probe appeared first on The Daily Beast
