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Trump's Memecoin May Be An 'Illegal Scam,' Sen. Warren Warns. She Wants The SEC To Investigate

Posted on August 4, 2026
By International Business Times
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1 min read

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Trump's Memecoin May Be An 'Illegal Scam,' Sen. Warren Warns. She Wants The SEC To Investigate

Two Democratic senators want the SEC to investigate whether Donald Trump's memecoin was used for fraud or unjust enrichment, even as the agency maintains that ordinary memecoins generally fall outside federal securities laws.