Senator Warren criticized the SEC’s decision to drop enforcement cases against major crypto firms like Coinbase, Robinhood and Kraken, accusing the agency of deregulating crypto to benefit insiders and enabling speculation in memecoins, including Trump’s own token

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These actions have the potential to benefit billionaire investors, Trump Administration insiders, and speculators at the expense of middle-class families," Warren alleged

Industry experts and lawmakers have raised ethical concerns over Trump's own foray into cryptocurrencies, including the launch of the president's meme coin, Official Trump, and the Trump Organization-owned DeFi project World Liberty Financial

The Senator also criticized the Securities and Exchange Commission for dropping its legal cases against major crypto firms, including Coinbase, Robinhood and Kraken

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Elizabeth Warren

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Coinbase

World Liberty Finance

Kraken