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CLARITY Act Hearing Live: Trump and Melania Made a Killing on Meme Coins While Investors Lost $4.3 Billion

2026-05-14 16:04

Odaily News Senior Democratic Senator Chris Van Hollen stated that Trump and Melania made a fortune from launching meme coins, while investors suffered losses totaling $4.3 billion.

The problem with this kind of scam is that regardless of whether retail investors win or lose, Trump profits endlessly, much like a casino owner.

The purpose of this amendment is very simple: We want to make it clear to the American people that we will never allow the President, members of the House of Representatives and the Senate, or others with direct control over these institutions to engage in such transactions.