flash on Nostr: ⚡️🇺🇸 Senator Elizabeth Warren urges regulators to investigate $TRUMP and ...
⚡️🇺🇸 Senator Elizabeth Warren urges regulators to investigate $TRUMP and $MELANIA memecoin.
She raised concerns about potential conflicts of interest, risks to consumers and national security implications.
"Anyone, including leaders of hostile nations, can secretly purchase these coins, raising the specter of uninhibited and untraceable foreign influence over the President of the United States."
"The Trump Organization controlled by the Trump family and its subsidiaries own 80% of TRUMP, leaving the remaining 20% for investors to bear the cost of the coin's price volatility."
The letter also noted that memecoin has contributed to an increase in the Trump net worth, which now stands at $58 billion.
She raised concerns about potential conflicts of interest, risks to consumers and national security implications.
"Anyone, including leaders of hostile nations, can secretly purchase these coins, raising the specter of uninhibited and untraceable foreign influence over the President of the United States."
"The Trump Organization controlled by the Trump family and its subsidiaries own 80% of TRUMP, leaving the remaining 20% for investors to bear the cost of the coin's price volatility."
The letter also noted that memecoin has contributed to an increase in the Trump net worth, which now stands at $58 billion.