New York —
Days before his inauguration in 2025, president-elect Donald Trump did something unusual: He launched a memecoin.
That memecoin briefly exploded in value – and then crashed in an epic selloff that left nearly a million investors facing losses.
Now, a pair of Senate Democrats are demanding Trump’s top Wall Street cop investigate the mess.
Democratic Sens. Elizabeth Warren and Richard Blumenthal are calling for the Securities and Exchange Commission to investigate Trump’s memecoin “to detect any illegal fraud or unjust enrichment that the coin may have facilitated.”
