According to CoinMeta, as reported by CNN, U.S. senators Elizabeth Warren and Richard Blumenthal have written to SEC Chairman Paul Atkins requesting an investigation into whether there are risks of fraud and improper profit-taking associated with Trump's issued meme token TRUMP. Trump launched TRUMP before his inauguration in 2025, and the token's market value peaked at around $9 billion on January 19, 2025, before experiencing a significant decline.