Dem Lawmakers Seek Probe Into Trump’s Meme Coin Launch

Two Massachusetts Democrats are urging federal regulators to investigate President Donald Trump’s newly launched meme coins, arguing the digital tokens pose serious ethical and security risks, The Hill reported.

The Two Democrats sent a letter this week calling on federal agencies to investigate Trump’s and first lady Melania Trump’s recently unveiled meme coins, $Trump and $Melania.

The letter, signed by Sen. Elizabeth Warren, D-Mass., and Rep. Jake Auchincloss, D-Mass., was addressed to the Office of Government Ethics, the Department of the Treasury, the Securities and Exchange Commission and the Commodity Futures Trading Commission.

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