The US nonprofit watchdog is recommending a termination of TRUMP token sales and a return of funds to investors.

The meme coin, known as $Trump, was launched by the president on Jan. 17 and quickly surged, reaching a peak of over $14.5 billion in overall market value by Jan. 19, the day before his inauguration.

Bitcoin extended its biggest jump in more than a week following the United States Federal Reserve’s latest monetary policy meeting and comments from Chair Jerome Powell that touched briefly upon ...