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