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ARTICLE · 10 AUGUST 2026

Crypto Brief

Lowenstein Sandler LLP
Lowenstein Sandler LLP
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Lowenstein Sandler LLP

Lowenstein Sandler LLP

Lowenstein Sandler LLP is a national law firm with over 400 lawyers based in New York, Palo Alto,...

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Senators Warren and Blumenthal urge the SEC to investigate President Trump's $TRUMP memecoin for potential fraud as investors lose billions while Trump profits from trading fees. Meanwhile, Senate minority staff criticize the Digital Asset Market Clarity Act for creating regulatory loopholes, and the DOJ charges an NFT marketplace founder with securities fraud for misappropriating investor funds.

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Lowenstein Crypto advises leading digital asset and cryptocurrency projects, exchanges, and trading firms. Our practice covers regulatory advice, transactions and structuring advice, investigations, and adversarial matters including commercial disputes, bankruptcy, and related litigation. As these markets continue their rapid growth and market participants continue to evolve and mature their businesses, we are providing this weekly digest as a resource that highlights and summarizes a selection of key recent legal regulatory developments.


Senators Request That SEC Investigate $TRUMP

On August 3, Sens. Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.) sent a letter to Securities and Exchange Commission (SEC) Chair Paul Atkins urging the SEC to investigate President Donald Trump’s $TRUMP memecoin for potential fraud and unjust enrichment. The letter cites reporting that nearly 1 million investors collectively lost over $3.81 billion on the coin, which has depreciated by

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