Will “Cryptographic Founding Father” Trump Go to “Decree Prison” or Return to the White House as 34 Charges Stand?

Original | Odaily Planet Daily
Author | Fu Ruhao


In the early morning of Beijing time, a jury in a New York court unanimously ruled that all 34 charges against Trump were guilty, making him the first former president in American history to be convicted on criminal charges.
Not only did this event cause a sensation in the mainstream media, but Trump-related tokens in the cryptocurrency market also fell by more than 30% in a short period of time. Previously, in the rise of the Meme sector, Trump-themed Meme tokens saw particularly high gains, with the representative project MAGA (TRUMP) reaching new highs. In addition, Trump has been actively advocating for the advantages of cryptocurrency recently, and he and his family members have close ties to cryptocurrencies.
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If Trump is convicted, will it affect the November US election and what impact will it have on the future trend of the cryptocurrency market? Odaily Planet Daily will answer these questions.
Will Trump’s conviction affect the US election?
A New York court jury ruled on the 30th that former US President Trump is guilty in the “hush money” case. It is reported that all 34 charges involved in the case were proven, making Trump the first former president in American history to be convicted on criminal charges.
After leaving the court, Trump said, “The real verdict will be made by the American people on November 5th. We haven’t done anything wrong. I am an innocent person.”
The “hush money” case was tried by the Manhattan Criminal Court. Each of the 34 serious charges could result in a maximum of 4 years in prison for Trump, but he can appeal and his personal freedom will not be restricted until the appeal ruling is made. The final sentencing will be announced at 10 am Eastern Time on July 11th, and the Republican Party will hold its national convention on July 15th to formally nominate Trump for president.
Former prosecutor and defense lawyer Michael Bachner said, “Even if Trump is sentenced to prison next month, he can remain free during the appeal period. At the same time, from now on, Trump will be able to freely accept media interviews, travel, and continue his campaign.”
In other words, theoretically, Trump can still run for President of the United States.
US presidential candidate Robert F. Kennedy Jr. said that Trump’s guilty verdict might boost his chances in November. Kennedy is running as an independent candidate and will face Trump and Biden. He said that if he withdraws from the race, more than half of his supporters will switch to Trump.
Trump’s supporters may believe that he is being politically persecuted, which will increase voter support for his presidential campaign. Even Trump himself may use this wave of conviction controversy to deepen the enthusiasm of voters for him, as Trump’s appeal is evident in today’s America.
Will Trump really go to prison? Former federal prosecutor Chuck Rosenberg said, “Given Trump’s age (77) and his status as a non-violent first-time offender, Judge Mo Chen is unlikely to impose any imprisonment on him.”
The uncertain factor of running for President of the United States, even if sentenced to prison, requires him to serve his sentence after his term in office. There are many factors involved and the situation is complex, so it remains to be seen how the various parties will play in the future.
The subsequent impact of Trump’s conviction on the cryptocurrency world
As another landmark event in the cryptocurrency market this year, the US election has a profound impact on future development. Both candidates of the two parties have released friendly attitudes towards cryptocurrency in order to win votes. A typical case is the “21st Century Financial Innovation and Technology Act” (FIT 21, also known as HR 4763), which was passed by the House of Representatives on May 22, and the White House also exerted pressure on the SEC to promote the establishment of Ethereum spot ETF.
Although the attitude of the Biden administration has changed somewhat, the market is still concerned that it will reverse its policy measures after winning the election. In comparison, Trump has shown stronger support for cryptocurrencies, repeatedly calling for support for the cryptocurrency ecosystem, and cryptocurrency enthusiasts are more hopeful for Trump’s victory. From the current perspective, Trump’s campaign has not been affected by this case, and it may even be beneficial.