Trump sells $343m in Bitcoin amid Democrats' probe announcement

US President Donald Trump's decision to sell $343 million worth of Bitcoin was made the day before. The transaction took place one day after Democrats stated their plans to initiate an investigation into the head of state's crypto business.

Potential impact on related projects

It is not ruled out that negative signals regarding digital assets directly linked to the president's name may appear in the market in the near future. Particular attention is required for the MELANIA, TRUMP and WLFI tokens.

Recommendations regarding stablecoins

It is better to err on the side of caution and not hold funds in the USD1 stablecoin. Such prudence is justified even considering that this asset is backed by US dollars.