Trump Memecoin Tumbles Amid Government Ethics Scrutiny

US President Donald Trump's crypto-related business had $1.4 billion in income by 2025, according to public disclosures.

This revelation has led to political scrutiny and an expansion of the CLARITY Act with an ethics provision that prohibits senior government officials from issuing or sponsoring digital assets for compensation.

The Official Trump memecoin, which contributed to this income through its WLFI venture, has seen a bearish structure flip after falling below $1.49.

Despite breaching the previous swing high at $2.12 in mid-June and retracing these gains by mid-July, the TRUMP coin was unable to maintain its bullish structure.

The A/D indicator fell steadily lower, while the Awesome Oscillator remained below the zero line for months, indicating selling pressure favoring the bears.