TRUMP memecoins set to be unlocked amid ‘crypto week’ votes

Key Points

1. 90 million Official Trump tokens worth over $900 million are set to be unlocked this week, increasing the memecoin's circulating supply by 45%.

2. House lawmakers voted to reconsider three crypto bills: the GENIUS Act, the Anti-CBDC Surveillance Act, and the CLARITY Act.

3. Trump pressured Republicans who initially voted against the bills, leading to their revival in the House.

4. Critics, including Representative Maxine Waters, argue the TRUMP memecoin has no intrinsic value and is tied to Trump's name.

5. The bills aim to address crypto market structure, stablecoins, and CBDC surveillance, with potential implications for crypto policy.