$TRUMP Coin Slumps Amid CLARITY Act Expansion
The Official Trump memecoin, also known as $TRUMP, has been affected by the recent expansion of the CLARITY Act. This act prohibits senior government officials from issuing or sponsoring digital assets for compensation.
This development is significant because it highlights the political and regulatory implications for $TRUMP coin. The U.S. President's crypto-related business reported $1.4 billion in income in 2025, with Official Trump contributing to this figure.
The memecoin's price structure has been bearish since mid-July, when it fell below the $1.49 swing low. The A/D indicator has steadily fallen lower, and the Awesome Oscillator has been below the zero line for months.
A potential bounce is possible, but traders are advised to sell due to the overall bearish structure and selling pressure. If a bounce occurs, the immediate targets would be $1.55 and $1.60 levels.