Senator, Massachusetts, urged Elizabeth Warren, the regulatory authorities to start an investigation into the Trump and Melania coins, saying that these currencies affected the American president at the expense of investors.
Warren’s comments come after Trump and Memieh’s currencies excelled over the rest of the cryptocurrency market last week after achieving huge gains.
Senator Warren expresses his concerns about Trump Mimi currencies
In a letter Senator Warren was sent to the US Congress, where the most recent gaps in the symbolic economies of Trump Mimi. According to Senator, the Trump family has 80% of the supply of digital currencies, with investors remaining only 20%.
She said: “The launch has greatly enriched Trump personally, enabling a mechanism for the coded currency industry to transfer money to him, and to create volatile financial assets that allow anyone in the world to fly financially to Trump’s political fortunes.”
The Senator also expressed his concerns about the fluctuations in the meme, saying that it is very speculative origins. According to the message, the risky nature of these currencies can cause harm to the same people that President Trump intends to help.
Senator Warren added that these coins were present “There is no concrete benefit.” They were “The danger of playing in the gambling machine in the casino.”
“These currencies do not create new, cheaper and safer payments paths. These coins do not help people borrow at reasonable prices. She added that they do not improve the financial system in any way for consumers.
Senator Warren also indicated that some members of the cryptocurrency community have expressed their concerns about these mimic currencies. As Zycrypto mentioned earlier, Ryan Cilleke, co -founder of Messari, criticized these symbols, saying that it cost Trump a lot of money and goodwill.
The legislator is now seeking to obtain inputs from various American organizational bodies, including the Securities and Stock Exchange Committee (SEC) and the CFTC Futures Trading Committee, regarding the organizational framework on these currencies.
Ivanka Trump criticizes Mimi’s fraudulent currency
Ivanka Trump, the daughter of President Trump, condemned a fraudulent currency project that used her name and brand to deceive investors. In X Publishing, Ivanka explained that she was not involved in the distinctive symbol and was “taking action” against the distinguished symbol.
“To be clear: I have nothing to do with this currency. This fake currency risk deceiving consumers and defrauding them with their money that they got hard, and the unauthorized use of my name and my image is a violation of my rights. He said.