Elizabeth Warren, Blumenthal raise rug pull alert in Trump memecoin SEC probe

Democratic senators Elizabeth Warren and Richard Blumenthal have launched their latest inquiry into the finances related to President Donald Trump, his family, and the people closest to the administration. 

This time, the senators are asking the Securities and Exchange Commission (SEC), led by Trump appointee Paul Atkins, to launch an investigation into whether the $TRUMP memecoin was an “illegal scam,” according to a letter CNN saw.

Warren and Blumenthal launch their latest attack on Trump

Warren and Blumenthal have stirred up storms in the last two years over income streams flowing from the digital asset industry to the president, his family, and high-ranking officials. In that time, they have sent letters, demanded hearings, and requested documents about business deals that have raised their suspicions. 

As Cryptopolitan reported in April, Senator Adam Schiff joined the duo to push to publicize details of the Trump memecoin gala at Mar-a-Lago, where the opportunity to dine with POTUS was the main attraction.

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