Senator Elizabeth Warren has urged US financial regulators to investigate the ethical implications surrounding Donald and Melania Trump's launch of their memecoins, TRUMP and MELANIA. In a letter dated January 22, she expressed concerns over the massive profits the couple could earn from these cryptocurrencies, which she claims create a financial mechanism for speculative investments tied to Trump's political future. Warren highlighted that the Trump Organization reportedly controls 80% of the TRUMP tokens, which leaves other investors vulnerable to the coin's volatility. She also raised alarms about potential foreign influence, suggesting that leaders of adversarial nations could buy these tokens in a way that goes unnoticed. The letter was sent to key government officials, including the Office of Government Ethics and heads of financial regulatory bodies, demanding clarity on ethical rules and investor protections regarding these memecoins.

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