# Trump Memecoin Controversy Should Not Derail Crypto Reform, Cato Expert Says 

August 4, 2026 • News Releases 

Following Senators Elizabeth Warren and Richard Blumenthal’s [call for the SEC to investigate](https://zwly9k6z.r.us-east-1.awstrack.me/L0/https:%2F%2Fwww.cnn.com%2F2026%2F08%2F04%2Finvesting%2Ftrump-crypto-sec-memecoin-elizabeth-warren%3Fcid=ios_app/1/0100019fcd68fc0f-fe8759d7-80fa-4d00-90d0-d7e28cbc5bf0-000000/Vq5wBVyM0ade_I_ZnhJOKn3YokU=473) President Donald Trump’s memecoin, I wanted to share the following statement from the Cato Institute’s digital currency expert [**Nicholas Anthony**](https://zwly9k6z.r.us-east-1.awstrack.me/L0/https:%2F%2Fwww.cato.org%2Fpeople%2Fnicholas-anthony/1/0100019fcd68fc0f-fe8759d7-80fa-4d00-90d0-d7e28cbc5bf0-000000/RMqK5PN-hmY2ub5i1cWVIMwsVC8=473):

> “*Donald Trump’s decision to launch a memecoin has unnecessarily complicated efforts to enact meaningful cryptocurrency legislation. If he violated the law, he should be held accountable. But Congress should not allow the controversy surrounding the memecoin to derail reforms that would benefit the broader cryptocurrency ecosystem.*”

If you’re interested in speaking with Nicholas about the Trump memecoin, the SEC’s role, or the implications for [broader cryptocurrency legislation](https://zwly9k6z.r.us-east-1.awstrack.me/L0/https:%2F%2Fwww.cato.org%2Fbriefing-paper%2Fcongress-should-welcome-cryptocurrency-competition/1/0100019fcd68fc0f-fe8759d7-80fa-4d00-90d0-d7e28cbc5bf0-000000/a_E-x7B_U-luvz96CHqHmiUAq9c=473), I’m happy to connect you.

Best,

Ryan Carver 
***Media Relations Manager*** 
*540–589‑0573* 
Cato Institute 
1000 Massachusetts Avenue, N.W. 
Washington, DC 20001

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