$TRUMP
🚨 Trump Token Activity Intensifies Congressional Scrutiny 🚨
The $300 million purchase isn’t occurring in isolation. Earlier this week, the U.S. Senate moved to suspend the GENIUS Act, a bill proposing regulatory framework for stablecoins. The US Senate cited concerns over President Trump’s alleged conflict of interest through his reported affiliation with USD1, a dollar-pegged stablecoin backed in part by Trump-aligned entities.
The TRUMP token, though separate from USD1, is often viewed as symbolically and politically linked to Trump’s digital asset footprint.
The timing of the Chinese investment, combined with Trump Coin’s meteoric rise from meme status to a $2.7 billion market cap, has lawmakers sharpening their focus.
On Capitol Hill, some lawmakers argue that the line between political capital and financial capital is blurring dangerously.
Senate Banking Committee aides have privately confirmed that Trump-related tokens are now being considered in hearings scheduled for early June. With Trump’s crypto strategic reserve proposals still hanging in the balance, controversy surrounding foreign influence or financial impropriety tied to the President could become a major roadblock.
While Dubai-based investments helped the Trump Coin ecosystem push past a $2 billion market cap just last week, Wednesday’s price dip marks the first major retracement from its weekly time frame peaks of $15 recorded on Monday.