Senate HSGAC Report 'Bound to Fail' Documents the $TRUMP Retail Wipeout with Victim Testimony

The Senate Homeland Security and Governmental Affairs Committee published "Bound to Fail," a report on the $TRUMP memecoin built on Nansen data and sworn testimony from retail victims. The report documented the structure in full: the January 17, 2025 launch three days before inauguration, the 80% insider allocation to CIC Digital and Fight Fight Fight LLC, $636 million in presidential royalties against $3.8 billion in retail losses, the $100 million in trading fees, and the black-tie dinner monetizing access for the top 220 holders. Victim testimony included a US veteran who lost tens of thousands on $TRUMP and $MELANIA after taking the president's promotion as a signal of legitimacy. Senate Democrats simultaneously urged a probe into the $500 million UAE-Trump crypto deal.