Massachusetts Democrats Request Investigation Into Trump Meme Coins

Massachusetts Democrats are calling for regulators to investigate the meme coin $Trump, introduced by Donald Trump before he assumed office as President. The total value of $Trump soared to almost US$8.5 billion shortly after its release, drawing substantial interest. The surge of meme coins like $Trump underscores risks akin to historical speculative bubbles, such as Tulip Mania and the Dotcom Bust. Experts caution that investing in meme coins is precarious and can resemble gambling, underlining the importance of consumer education and prudence.