Two democrat senator call for $TRUMP investigation

[shinratensei_]

Two democratic senator Elizabeth Warren And Richard Blumenthal is urging SEC to investigate the infamous $TRUMP memecoin saying the scheme might constitute scam. source : https://edition.cnn.com/2026/08/04/investing/trump-crypto-sec-memecoin-elizabeth-warren

Before that we already got a lawsuit ongoing for $MELANIA but this is different because $MELANIA is controlled by Kelsier ventures but this one is tied with Trump. I personally think this is only going to be political theatre and SEC lawsuit is unlikely but what do you think?

[Charles-Tim]

Nothing will come out of it. That is how meme coins are. It is not about scam, people should expect that Trump coin will be pumped and dumped just like other meme coins, no difference from the others.

Another thing is that Trump is in power. Trump nominated the SEC president, Paul S. Atkins which was later confirmed by the Senate. So she is telling someone who Trump nominated to investigate Trump? This is a joke.

[GeorgeJohn]

Before that we already got a lawsuit ongoing for $MELANIA but this is different because $MELANIA is controlled by Kelsier ventures but this one is tied with Trump. I personally think this is only going to be political theatre and SEC lawsuit is unlikely but what do you think?

This is not going any long way, after a few time you will not hear about the lawsuit anywhere...reason been that Donald Trump is the incumbent president, every other persons in government position is seated under his control, even though two democrate senators rise against him, they're more than 5 more that will give him a support...So he can do everything with his immunity to struck the suit out of the way, if it will ridicule his political carrier...

[Barikui1]

.
Another thing is that Trump is in power. Trump nominated the SEC president, Paul S. Atkins which was later confirmed by the Senate. So she is telling someone who Trump nominated to investigate Trump? This is a joke.

The first thing that goes through my mind when I saw this was how is that going to be possible when he is in power, because immunity is still covering him, and in addition, it's just like someone is telling you to investigate your boss, which I believe is never going to happen now that he is in government.

We may argue that their is nothing like scam about it, since it's in the nature of meme coin to fall more than they rise, or showing it normal trait of pumping and dumping, but since this is related to Donald Trump, it's quite normal for his haters or his rival to take it personal and make a big deal out of it when he has left office, because nothing will ever come out of it, especially now he is still the president of the country.

[Oluwa-btc]

Nothing will come out of it. That is how meme coins are. It is not about scam, people should expect that Trump coin will be pumped and dumped just like other meme coins, no difference from the others.

Another thing is that Trump is in power. Trump nominated the SEC president, Paul S. Atkins which was later confirmed by the Senate. So she is telling someone who Trump nominated to investigate Trump? This is a joke.

And even if anything is to be done against Donald Trump, it should be after his presidential reign. From the very beginning, one could tell nothing profitable would come out of it. It is like Cristaino Ronaldo telling me to buy a coin and I ended up buying because he is my favorite player. Without doing due diligence, I will be in a bad place.

The same happened with davido fans in Nigeria, who invested in a scam coin just like this, how did it go for them? Terrible! Majority are all regretting that single move and no words of accountability nor responsibility from him.

Donald Trump has been using the DOJ to block the release 9f the remaining Epstein files, he would be more ruthless with this. I expect him to pardon himself for all of his financial crimes.

[LogitechMouse]

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Before that we already got a lawsuit ongoing for $MELANIA but this is different because $MELANIA is controlled by Kelsier ventures but this one is tied with Trump. I personally think this is only going to be political theatre and SEC lawsuit is unlikely but what do you think?

Who is the current chairman of SEC? Paul Atkins. The one who Trump nominated. Do you expect that something will happen with this one?

I believe this is more of a political thing, and I don't think that Trump or anybody will be guilty on what happened with $TRUMP. Let's not forget that it's a meme coin, and if that's the case then we should also investigate those other meme coins out there who got pumped and dumped then. They can investigate anytime they want, but I don't think that there will be a positive result out of this investigation. It's a meme coin, and meme coins are being created to be pumped, and dumped. Nothing more, nothing less.

Also, do you expect that the authorities will put Trump on jail because of some rugpull meme coin like $TRUMP? Nah!! Intelligent investors knew from the start that what happened with the majority of the meme coins will also happen with $TRUMP. It's just they got blinded of the fact that Trump himself supported this meme coin shitcoin. Maybe those who lost significant amount of money are Trump supporters, eh?

[coin-investor]

I personally think this is only going to be political theatre and SEC lawsuit is unlikely but what do you think?

If you've invested in meme coins and filed a complaint because you've been scammed, then you've just woken up today and are ignorant of the reality of investing in cryptocurrency specially memes, there's aleady so many warnings about the risks of investing in memes.

Even memes claim that they are here for fun and not to make everyone rich
It's a useless case by lawmakers who tried to get attention and pretend they care, or they are just ignorant of how memes play their games.

[$crypto$]

Who is the current chairman of SEC? Paul Atkins. The one who Trump nominated. Do you expect that something will happen with this one?

I believe this is more of a political thing, and I don't think that Trump or anybody will be guilty on what happened with $TRUMP. Let's not forget that it's a meme coin, and if that's the case then we should also investigate those other meme coins out there who got pumped and dumped then. They can investigate anytime they want, but I don't think that there will be a positive result out of this investigation. It's a meme coin, and meme coins are being created to be pumped, and dumped. Nothing more, nothing less.

The senator's assumption may be that TRUMP's $memecoin scheme is a pump and dump that leads to fraud because Trump has made billions of dollars from memecoin made with his family, still we have to look at Trump's position now as what, power as president is very small to continue the investigation let alone the SEC chairman nominated by Trump himself.

Also, do you expect that the authorities will put Trump on jail because of some rugpull meme coin like $TRUMP? Nah!! Intelligent investors knew from the start that what happened with the majority of the meme coins will also happen with $TRUMP. It's just they got blinded of the fact that Trump himself supported this meme coin shitcoin. Maybe those who lost significant amount of money are Trump supporters, eh?

No one dares to imprison Trump.
Investors were too fixated on Trump, so they ended up believing in his shitcoin.
If I'm not mistaken, Justin Sun's lawsuit still has no continuation, right?

[_act_]

The senator's assumption may be that TRUMP's $memecoin scheme is a pump and dump that leads to fraud because Trump has made billions of dollars from memecoin made with his family, still we have to look at Trump's position now as what, power as president is very small to continue the investigation let alone the SEC chairman nominated by Trump himself.

All these started when the White House declared that Trump made over a billion dollars from his crypto businesses. But all these celebrity meme coins are all scam. The celebrity will create a token and give himself the lion share of the token, telling people to buy it and people will be buying it . The celebrity that created the coin will dump it and other people will sell more. More people will lose money. But if we do not talk about Trump, I have not seen a celebrity that did not have the immunity that got arrested before because of this.

[Slow death]

They had time to demand this last year, days after Trump's inauguration, and they didn't. They let time pass. Trump appoints someone else to the SEC, and then they come up with this accusation. I believe they aren't concerned about the people who lost money when they bought Trump's meme coins.

They pretend to care about the people who lost money; their objective is to gain political advantage and while simultaneously portraying the SEC chairman, appointed by Trump, as controlled by Trump if he doesn't pursue this accusation. They know there are hundreds of meme coins. It's not difficult for them to go to Google and search for " how many meme coins are there? " and they'll find this:

https://coinmarketcap.com/view/memes/

There are over 100 meme coins, on this first page alone you'll find Dogecoin, a meme coin that's been around for over 7 years and has had very important figures supporting it, like the owner of Tesla. It's also no surprise that meme coins don't have a great purpose, people buy them knowing the risk.

[retreat]

I don't think the SEC will impose any sanctions on Trump regarding that shitcoin, since it's just a meme coin, and the official website even states that it isn't an official investment instrument and serves merely as a symbolic gesture. Basically, the developers made it clear they wouldn't be held liable for any future outcomes. It's just that the holders of that shitcoins were so stupid to buy something destined to turn into shit, and now they're simply getting exactly what they signed up for.

[henmark]

The senator's assumption may be that TRUMP's $memecoin scheme is a pump and dump that leads to fraud because Trump has made billions of dollars from memecoin made with his family, still we have to look at Trump's position now as what, power as president is very small to continue the investigation let alone the SEC chairman nominated by Trump himself.

All these started when the White House declared that Trump made over a billion dollars from his crypto businesses. But all these celebrity meme coins are all scam. The celebrity will create a token and give himself the lion share of the token, telling people to buy it and people will be buying it . The celebrity that created the coin will dump it and other people will sell more. More people will lose money. But if we do not talk about Trump, I have not seen a celebrity that did not have the immunity that got arrested before because of this.

Also, there was an "anti-corruption" bill of sorts, where it is basically saying Warren and people like Warren made a fortune investing in stocks using their political power for insider trading. This was seen as an attack on them, so they are now retaliating.

Nothing will come out of either of them; we are going to see Trump walk away for free, and Warren may or may not make more in the future, but she already made so much that I think not getting any richer would be fine for her. Basically, they are just taking money, and nobody cares. Was what Trump did wrong? Yes, it was. Should he be jailed for it? Yes, he should. Was what Warren did wrong? Yes, it was. Should she be jailed for what she did? Yes, she should.

But as long as Americans just see the "my side and the enemy" point of view, these people will get away with anything, because these politicians will always keep on selling "ignore what I did, the other side is so much worse!" forever and keep on grifting. The moment American people realise there are no more two parties, there is just one, and people just join those to make themselves richer and more powerful, they will stop. Are there a few exceptions, like Bernie Sanders? Yes, but there are like 1 good person in 100, so not many are good in it; most are just in it for themselves.