The retail-fueled memecoin speculation around the Trump memecoins could invite more regulatory scrutiny on the crypto industry in the US, industry insiders told Cointelegraph.
The Trump family’s recently launched memecoins may invite more regulatory scrutiny from the US Securities and Exchange Commission, presenting new challenges for the cryptocurrency space.
President Donald Trump launched the Official Trump (TRUMP) memecoin on Jan. 18 and the Official Melania (MELANIA) token on Jan. 19 on the Solana network, ahead of his presidential inauguration on Jan. 20.
While the memecoins attracted significant retail interest, they may pose regulatory challenges for the wider cryptocurrency industry and draw further scrutiny from the SEC.
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