Donald Trump, a crypto supporter and former US Presidential candidate, has been found guilty on 34 felony counts related to election corruption in Manhattan. The Manhattan District Attorney, Alvin Bragg, stated that Trump was guilty of falsifying records to conceal damaging information from voters during the 2016 presidential election. The jury found Trump guilty based on overwhelming evidence presented, including invoices, bank statements, and witness testimony. This makes Trump the first former US president to be convicted of a felony.
Critics have accused Trump of being opportunistic in his support of crypto, suggesting that his previous comments about going after Bitcoin for fraud and dismissing digital assets as “fake” were insincere. However, with crypto becoming a prominent campaign issue in 2024, Trump has changed his stance. He recently began accepting campaign donations in crypto and promised to protect the rights of crypto holders to self-custody. Trump also holds a significant amount of MAGA (TRUMP) memecoin, as well as Ethereum and other altcoins.
Despite his past skepticism towards crypto, Trump’s recent actions have shown a shift in his attitude towards digital assets. He has embraced the technology by releasing NFTs and accepting crypto donations for his campaign. The value of TRUMP, the memecoin inspired by Trump’s likeness, has seen a significant increase in value, trading at $15.98 at the time of writing, up 20% in the last 24 hours. This indicates a growing interest in crypto among Trump supporters and a potential shift towards mainstream acceptance of digital assets.
The conviction of Trump on felony charges has raised questions about the integrity of the US judicial system and the accountability of public figures. Despite his legal troubles, Trump’s continued support for crypto and his involvement in the digital asset space suggest that he is not shying away from controversy. His willingness to embrace crypto as a campaign issue and accept donations in digital assets highlights the growing influence of the crypto community in politics and the mainstream.
As Trump’s legal battle unfolds, his involvement in the crypto space continues to evolve. His recent actions in accepting crypto donations and holding significant amounts of digital assets indicate a willingness to engage with the crypto community and leverage its support. Whether Trump’s newfound support for crypto is genuine or opportunistic remains to be seen, but his actions have sparked conversations about the intersection of politics, crypto, and accountability in the digital age.
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