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Nearly a million wallets have lost $3.8 billion on Trump's memecoin while the president cleared $636 million — and the SEC has formally declared the whole arrangement outside its jurisdiction

A Trump‑branded memecoin leaves nearly a million wallets $3.8 billion lighter as the ex‑president pockets $636 million, while the SEC says it lies outside its authority.

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The brief

Nearly a million wallets have collectively lost $3.8 billion on a Trump‑branded memecoin, while the former president has cleared $636 million from the venture. Fortune reports the scale of investor losses and Trump’s cash‑out; CNN adds that Trump gave crypto a “red‑carpet treatment” even as the token crashes; Silicon Canals notes the SEC’s formal declaration that the arrangement falls outside its jurisdiction.

Future coverage will likely track any further SEC statements on jurisdiction, monitor the memecoin’s market performance, and note any additional regulatory responses.

Synthesized by PULSE from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 61d ago.

Quick answers

How many investors were impacted and what was the total loss?

Nearly 1 million wallets lost a collective $3.8 billion.

What amount did Trump receive from the memecoin?

Trump cleared $636 million.

What is the SEC’s position on the memecoin arrangement?

The SEC formally declared the whole arrangement outside its jurisdiction.

Coverage (4)

Topics

Trump memecoin SEC cryptocurrency investor losses

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