‍#夏日创作营 TRUMP coin faces a life-or-death test

Did Trump personally sign a bill banning himself from issuing his own coin???

This is really interesting 😂

Trump just signed the moral provisions of the CLARITY Act, which clearly bans federal officials (including the president, vice president, and members of Congress) from issuing digital assets during their term.

The provision itself is very clear: “The president may not issue or sponsor digital assets.” It’s printed plainly on paper, not vague wording. Trump has already signed and agreed to it.

But the problem is—who does this clause directly target? It targets his own TRUMP coin.

TRUMP coin fundamentals

Through the licensing agreement of CIC Digital LLC, TRUMP brought Trump about $635 million in revenue. Trump’s family’s total gains from crypto projects, Reuters estimates, are at least $2.3 billion. And now, the clause he himself signed would ban “the president from issuing coins.”

What’s the result? The TRUMP coin has already fallen 97%. It dropped from about $73–$75 at launch to around $1.61 now; its market cap fell from $15–$27 billion to $382 million; and buyers totaling nearly one million have accumulated losses of about $3.81 billion.

The real game is in enforcement power

The best part isn’t over yet: who will enforce it?

The White House argues: enforcement led by the Department of Justice (DOJ)

The Democrats insist: state attorneys general should have independent enforcement authority

Maryland Senator Alsobrooks directly stated: “Enforce the moral provisions by the DOJ? That’s not a serious proposal. If it uses wording like this, I won’t support the bill.”

This means two completely different outcomes: if enforcement power belongs to the DOJ, and Trump controls the DOJ, the clause’s practical binding force could be greatly weakened

If Democrats win independent enforcement authority for state attorneys general, enforcement strength will be much higher, and the true effect of many clauses will depend on “who supervises the supervisor.”

Will the TRUMP coin crash to zero?

“Zero” is unlikely, but the risk of a “major plunge” is real. If the bill passes, TRUMP coin’s legal risks are in two areas:

The sitting president can no longer continue to issue, sponsor, or obtain new income via licensing agreements; and

Whether TRUMP coin could be pursued because of “the sitting president issuing it,” but since TRUMP coin has already fallen 97%, the market may have already priced in part of it.

Policy risk

Polymarket, with a probability of about 48%, suggests that the market believes the chance of passage is less than half. The biggest variable is actually not the bill itself, but the enforcement mechanism.

If DOJ leads enforcement and Trump controls DOJ, the clause’s practical binding force could be discounted. If the Democrats succeed in winning independent enforcement authority for state attorneys general, enforcement strength would be much higher. After the CLARITY Act passes, TRUMP coin is more likely not to “go to zero,” but to become “rigid”—losing the value of endorsement from the sitting president and turning into an ordinary, historical Meme coin.

The biggest risk isn’t a price crash—it’s liquidity drying up and exchanges delisting. If major exchanges delist TRUMP coin for compliance reasons, that’s when it truly becomes “zero.” This isn’t a price problem; it’s a survival problem. $TRUMP ‌