US Lawmakers Urge SEC to Explain Lack of Oversight on Meme Coins
- U.S. lawmakers are questioning the SEC’s exclusion of meme coins from regulatory oversight.
- Scams involving meme coins are reportedly increasing, prompting concern.
- Former President Trump and the First Lady have launched their own tokens.
- Senator Elizabeth Warren and Representative Jake Auchincloss are leading the inquiry.
The rise in scams linked to meme coins has led U.S. lawmakers, including Senator Warren and Representative Auchincloss, to demand that the SEC clarify its decision to exclude these digital assets from oversight. This comes amid news that former President Trump and the First Lady have introduced their own tokens.
Source (2.6)https://news.bitcoin.com/us-lawmakers-urge-sec-to-explain-lack-of-oversight-on-meme-coins-amid-rising-scam-losses/?rand=52384
