TRUMP meme coin sees rejection at $16, legislators target President Trump’s crypto ties ahead of gala with holders
- Legislators released a bill on Thursday named the Stop TRUMP in Crypto Act, designed to prohibit President Trump from further crypto involvement.
- CFTC Commissioner Mersinger called criticisms of the President’s crypto involvements a “distraction” from more pressing issues.
- TRUMP saw a rejection at the $16 resistance, tapering gains from Thursday after rallying more than 11%.
Official Trump (TRUMP) meme coin saw a rejection at $16 on Thursday ahead of a crypto dinner between token holders and President Trump. The dinner comes amid backlash from lawmakers who introduced the Stop TRUMP in Crypto Act to halt the President’s involvement in digital assets.
