Clarity Act sits idle over Trump ethics question as Warren asks SEC to investigate him

Senators Elizabeth Warren and Richard Blumenthal requested the U.S. Securities and Exchange Commission probe Trump's memecoin.

Melinda 1 week ago 3 minutes read

Clarity Act sits idle over Trump ethics question as Warren asks SEC to investigate him

Clarity Act sits idle over Trump ethics question as Warren asks SEC to investigate him

Senators Elizabeth Warren and Richard Blumenthal requested the U.S. Securities and Exchange Commission probe Trump’s memecoin.

By Jesse Hamilton|Edited by Nikhilesh De

Aug 4, 2026, 4:21 p.m.

3 min read

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Senators Richard Blumenthal and Elizabeth Warren are among lawmakers pursuing probes into Binance. (Jesse Hamilton/CoinDesk) — Democratic U.S. Senators Richard Blumenthal and Elizabeth Warren have asked the SEC to investigate the $TRUMP memecoin. (Jesse Hamilton/CoinDesk)

Summary

As the crypto Clarity Act languishes under a high-stakes countdown, Democratic U.S. Senators Elizabeth Warren and Richard Blumenthal urged the Securities and Exchange Commission to investigate President Donald Trump’s memecoin.
Though the SEC has washed its hands of memecoin oversight, the lawmakers argued the agency has a duty to look into the billions in losses from $TRUMP investors.

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