Code isn't displayed in plymouth on Fedora 40

[teackot]

The code isn't shown in plymouth on boot on Fedora 40. I couldn't find any relevant info in the logs

How to reproduce

Build and install the project

./bootstrap
./configure
make -j$(nproc)
make -j$(nproc) check
sudo make install

Regenerate initramfs

sudo dracut --regenerate-all --force

Setup totp

sudo tpm2-totp -P - init
<password><Ctrl-D>

Verify that the code is correct

sudo tpm2-totp -t show

Reboot