The issuer of the cryptodollar (CR$) has submitted an official complaint to the SEC.
On 17 January 2025, Donald Trump launched his $TRUMP meme coin, and within hours, it took the cryptocurrency world by storm.
The meme coin corresponds to the 4 points of the Howey Test:
1. A party invests money.
2. In a common enterprise.
3. With the expectation of profiting.
4. Based on the efforts of a third party.
From 1 to 2 points: people can buy the meme coin through the tokensale on official website https://gettrumpmemes.com/
3 point: Obviously everyone buys meme coins in expectation of profiting.
4 point: Donald Trump is the US President-elect, the president of the first economy in the world. He has tremendous influence on the media and the whole world.
Surely the expectation of profiting is based on the efforts of a third party. Donald Trump’s $TRUMP meme coin has caused a stir in the cryptocurrency world, reaching a jaw-dropping market cap of $14.5 billion within hours of its launch.
Therefore it is an unregistered securities offering.
We will withdraw the complaint if Trump dances at his inauguration.
Submission Number: 17372-139-767-254
