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In a letter to US regulators, Senator Elizabeth Warren and representatives of Jake AuchinCloss expressed serious concerns about Meme Coin Coin Trump and Melania introduced by President Donald Trump and the First Division. Lady Melania Trump.
These currencies, introduced immediately before Trump took office, caused concerns about the ability to conflict interest, manipulate the market and influence from abroad.
Warren warned about market manipulation and influence from abroad
Dong Trump has experienced a strong price fluctuation, increasing from less than 10 USD to $ 75 before falling to $ 32.44 at the time of the article. Similarly, Melania has similar fluctuations.
Senator Warren emphasizes risks to consumers investing in these Coin Coin meme. These currencies are mainly affected by the trend on the Internet and are known for its unstable and speculative.
One of the biggest concerns is the possibility that these currencies are used as a foreign influencing tool. Warren pointed out that anyone can buy these coins, thereby increasing the risk of foreign governments or individuals can use them to indirectly transfer money to the Trump family.
This case can weaken US national security and ask moral questions.
“Anyone, including leaders of hostile countries, can secretly buy these coins, raise the ability to influence foreign countries without control and cannot trace the US President, While supporters of President Trump have to bear the risk of investing in Trump and Melania, ”the letter write.
Warren also warned that these currencies could be significantly harmful to investors. The great ownership of the Trump family means they can gain great benefits while letting other investors take risks.
In addition, Warren criticized the lack of transparency and protection of consumers. The terms and conditions of Dong Trump and Melania include statements that refuse responsibilities that the publisher will not be responsible for any fraud.
The Senator also called on the management agencies to investigate these currencies, calling for SEC, CFTC, and other relevant agencies to handle risks related to meme coin coins.
She mentioned whether these products violate the Securities or Federal Commodity. Warren also asked questions about how agencies plan to monitor and manage these coins in the future.
Specifically, Elizabeth Warren wrote one open letter To the president of the Ministry effectively (DOGE) Elon Musk. She proposed the way the federal government cut wasted spending.
“My proposals will reduce spending on wasteful programs and contracts, will cut off unfair gaps and unnecessary allowances for the richest Americans, will make the Government. More efficient and effective, and will save at least $ 2 trillion for taxpayers in the next decade, ”she wrote.
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