Ponzi & Scams
By Steven Anderson
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From $70 to Under $1.50. The TRUMP token launched with a bang. It shot past $70 not long after it went live, briefly…
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Retail Investors Left Holding the Bag. The marketing angle matters here. Warren and Blumenthal called out the promotional tactics around…
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SEC Still Silent. The SEC hasn't said whether it will investigate. That silence is probably not surprising — the…
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Senators Elizabeth Warren and Richard Blumenthal want the SEC to open a formal investigation into Donald Trump's meme coin.
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That number is hard to ignore. Warren and Blumenthal's letter to the SEC lays out a pretty stark picture: while retail investors were bleeding out, Trump and his family…
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Not a soft landing. More like a hard crash.
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The TRUMP token launched with a bang. It shot past $70 not long after it went live, briefly cracking the top 20 assets by market cap and sitting as the second-largest meme coin…
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The development team is also under the microscope. Per the senators' account, the team has been linked to numerous token sales as the price was falling — which, if accurate,…
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Warren and Blumenthal also pointed to earlier SEC enforcement actions against similar crypto projects.
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See also: CLARITY Act Stall Puts Bitcoin at Risk Before Senates August 10 Recess
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The marketing angle matters here. Warren and Blumenthal called out the promotional tactics around the token, suggesting retail investors were misled.
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It's worth stepping back for a second. Meme coins are notoriously volatile. That's basically the whole deal — they spike, they crash, most of them go to zero eventually.
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The token's dramatic fall also fits a broader pattern that regulators have been watching for a while now.
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The SEC hasn't said whether it will investigate. That silence is probably not surprising — the agency rarely telegraphs its moves before they happen.
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See also: FBI Agent Busted for Stealing $1 Million in Crypto From Active Investigation Accounts
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