Democratic Senators Elizabeth Warren and Richard Blumenthal are pressing the U.S. SEC to probe the Official Trump [TRUMP] memecoin. The lawmakers urged the SEC to investigate whether a “fraudulent scheme” was underway to prevent further extraction from Trump memecoin holders. This ties back to an ethics issue, which the Democrats insist must be addressed for the CLARITY Act to progress. Whether the Democrats’ demands on ethics and other issues will be met before the end of the week remains unclear. Most crypto investors, such as Anthony Scaramucci, viewed WSJ’s move as a “last-minute effort to stall things” by the banking lobby.