US President Donald Trump reportedly pressured Republicans who voted against a procedural vote to consider three crypto bills on Tuesday, but his memecoin could complicate the debate.
The imminent unlocking of a Trump-themed memecoin could add new layers to the ongoing debate over US legislation during “Crypto Week,” as Republicans rally behind three digital asset bills this week.
According to multiple sources, 90 million Official Trump (TRUMP) tokens worth more than $900 million are set to be unlocked this week, allowing holders to sell the memecoin launched in January ahead of Trump’s second-term inauguration.
The unlock boosts the memecoin’s circulating supply by 45% and marks one of the most significant increases since 200 million tokens were available at launch on Jan. 17.
