U.S. lawmakers: Concerned about foreign individuals and governments using TRUMP or MELANIA to influence President Trump and his family

ChainCatcher News, two senior Democratic Congress members from Massachusetts, Elizabeth Warren and Representative Jacob Auchincloss, warned that the Meme coins issued by the Trump couple pose not only financial risks but also national security concerns, as the global and largely anonymous cryptocurrency market may allow foreign actors to purchase large amounts of TRUMP or MELANIA tokens to influence the U.S. government.

Moreover, the issuance of Meme coins by the Trump couple may violate the constitutional emoluments clause, which prohibits government officials from receiving payments or gifts from foreign entities without congressional approval. Elizabeth Warren and Jacob Auchincloss wrote in a letter, "Almost anyone in the world can buy these tokens, raising concerns about foreign individuals and governments using these tokens to influence President Trump and his family."