Warren writes to the SEC and CFTC: requesting investigation of Trump meme currency TRUMP, involving conflicts of interest

US Senator Elizabeth Warren recently questioned several of President Trump's meme coin projects, arguing that $TRUMP and $MELANIA involve conflicts of interest and could pose national security risks. She called on several federal agencies to conduct a review to ensure regulatory compliance and protect investors from potential fraud risks. (The next crypto president? What can Trump's meme coin $TRUMP revolution bring?) Table of Contents - Warren questions Trump's meme coin plan: Calls for federal agency review - Trump's assets skyrocket raises conflict of interest concerns - SEC, CFTC, DOJ are all Trump's people, how to fight him? - Concerns and opposition voices within the Democratic Party Warren Questions Trump's Meme Coin Plan: Calls for Federal Agency Review Known for her anti-cryptocurrency stance, Democratic Senator Elizabeth Warren recently requested that US federal agencies investigate the meme coins $TRUMP and $MELANIA launched by President Trump and First Lady Melania Trump. Warren and fellow Democratic Congressman Jake Auchincloss co-signed a letter to the US Office of Government Ethics (USOGE), the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Department of the Treasury (DOT), calling for a review of the compliance and potential conflicts of interest of these tokens. Trump's Assets Skyrocket Raises Conflict of Interest Concerns In the letter, Warren pointed out that Trump and his wife's net worth skyrocketed to nearly $58 billion overnight after the meme coin issuance: Anyone, including hostile state actors, could secretly purchase these tokens, raising concerns about foreign interference in the US, and also putting Trump's supporters at high risk of investing in the meme coins. She added that "the timing of Trump's meme coin launch was closely tied to his inauguration, and Trump's team holds 80% of the circulating tokens." These factors have exacerbated concerns about conflicts of interest, especially as the meme coin price quickly soared from $3 per token to over $74, allowing Trump to reap massive profits. (Trump responds to $TRUMP meme coin: I don't know much about it, billions of dollars is just small change) SEC, CFTC, DOJ are All Trump's People, How to Fight Him? Additionally, Warren expressed concern in the letter to the regulatory agencies that the new chairs or secretaries of the SEC, CFTC, and DOJ were all appointed by Trump, and questioned whether they could impartially handle cryptocurrency issues involving Trump. Trump and his wife's meme coins raise serious doubts about the president's ability to govern fairly, as they could make investors victims of a "Trump family fraud scheme" and provide opportunities for sanctioned countries or illicit actors. Concerns and Opposition Voices Within the Democratic Party In addition to Warren, other Democrats such as Gerry Connolly and Maxine Waters have also criticized Trump's meme coin project in recent days, jointly calling for a thorough investigation and mentioning the potential relationship between the related tokens and TRON blockchain founder Justin Sun. In the letter, Warren requested the aforementioned four federal agencies to respond to the following key questions: 1. What legal authority do the SEC and CFTC have to oversee the investment risks of meme coins like TRUMP? 2. Are the disclaimers on the TRUMP sales website, such as "tokens do not constitute an investment contract," sufficient to avoid legal liability? 3. Are meme-based tokens outside the scope of federal securities laws? And will the SEC and CFTC actually hold them accountable if they receive complaints? 4. Can FinCEN effectively track the flow of funds involving TRUMP and other tokens and report on it? She demanded that these agencies immediately investigate to ensure these meme coins do not become tools that harm national interests, while also warning investors to be cautious about these high-risk assets.