Senators Warren, Blumenthal urge SEC to investigate Trump memecoin

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Senators Elizabeth Warren and Richard Blumenthal have formally asked the U.S. Securities and Exchange Commission to investigate President Donald Trump's memecoin. The request raises ethical concerns about Trump's involvement in cryptocurrency while holding public office. The move has also stalled progress on the Clarity Act, a proposed piece of crypto legislation, as the ethics controversy overshadows legislative efforts. The situation highlights growing tension between crypto regulation and political accountability in Washington.

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