Senators seek SEC probe of President Trump's memecoin as crypto bill enters into a pivotal week

Senators seek SEC probe of President Trump's memecoin as crypto bill enters into a pivotal week

Senators petition SEC to probe Trump's memecoin for $3.81B losses and rug pull scheme since January 2025 (1M wallets). The complaint escalates regulatory tension over crypto classification, threatening Clarity Act and reshaping SEC enforcement.