Senator Elizabeth Warren has recently expressed concerns about the potential impact of Donald Trump’s memecoin on the US political landscape. In a statement, the senator warned that this new form of digital currency could open the door to foreign interference in the country’s political affairs.

For those unfamiliar, a memecoin is a type of cryptocurrency that is based on internet memes and often used as a form of satire or parody. In this case, the proposed Trump memecoin would feature the president’s likeness and be used to raise funds for his re-election campaign.

While the idea of a memecoin may seem harmless and even comical, Senator Warren believes it could have serious consequences. She argues that the lack of regulation and traceability in the cryptocurrency world could make it easy for foreign entities to use these coins to influence the US political system.

In her statement, Senator Warren stated, “The specter of uninhibited and untraceable foreign influence over the US president is a serious concern. We cannot allow a digital currency, especially one based on internet memes, to potentially undermine the integrity of our democracy.”

This is not the first time that concerns have been raised about the potential impact of cryptocurrencies on politics. In 2016, there were allegations that Russian hackers used Bitcoin to fund their interference in the US presidential election. And with the rise of memecoins, the risk of foreign interference may only increase.

While the Trump memecoin has not yet been officially launched, Senator Warren’s warning serves as a reminder of the potential dangers of unregulated digital currencies. As the world becomes increasingly reliant on technology, it is crucial that we address these issues and ensure the integrity of our democratic processes.