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Massachusetts Democrats ask regulators to open Trump meme coins probe

  • Massachusetts Democrats are requesting regulators to investigate the meme coin $Trump introduced by Donald Trump before he took office as President.
  • The combined value of $Trump reached nearly US$8.5 billion shortly after its launch, attracting significant attention.
  • The rise of meme coins, including $Trump, highlights risks similar to past speculative bubbles, such as Tulip Mania and the Dotcom Bust.
  • Experts warn that investing in meme coins is risky and often resembles gambling, emphasizing the need for consumer education and caution.
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  • 71% of the sources are Center
72% Center
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