Will “Cryptic Founding Father” Trump Go to “Decree Prison” or Return to the White House as 34 Charges Are Proven?

Original | Odaily Star Daily
Author | Fu Ruhe


In the early morning of Beijing time, a jury in a New York court unanimously ruled that all 34 charges against Trump were established, making him the first former president in American history to be convicted of criminal charges.
This event not only caused a sensation in the mainstream media, but also caused a short-term decline of more than 30% in the cryptocurrency market related to Trump tokens. Previously, in the rise of the Meme section, Trump-themed Meme tokens performed particularly well, with the representative project MAGA (TRUMP) repeatedly breaking new highs. In addition, Trump has recently been actively advocating the advantages of cryptocurrencies, and he and his family members have close ties to cryptocurrencies.
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If Trump is convicted, will it affect the US election in November, and what impact will it have on the future trend of the cryptocurrency market? Odaily Star Daily will answer the above questions.
Does Trump’s conviction affect the US election?
On the 30th, a jury in a New York court ruled that former US President Trump was guilty in the “hush money” case. It is reported that all 34 charges involved in the case were established, making Trump the first former president in American history to be convicted of 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 can result in a maximum of 4 years in prison, but he can appeal and is not restricted in personal freedom until the appeal ruling. The final sentencing will be announced at 10 am on July 11th Eastern Time. The Republican Party will hold a 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 appeals period. At the same time, starting from now, Trump will be able to freely accept media interviews, travel, and continue his campaign activities.”
In other words, theoretically, Trump can still run for president.
US presidential candidate Robert F. Kennedy Jr. said that Trump’s guilty verdict may 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 Trump is being politically persecuted, which will increase voter support for Trump’s presidential campaign. Even Trump himself will deepen the enthusiasm of voters for him in this wave of conviction controversies. After all, Trump’s appeal is evident in today’s America.
Will Trump really go to jail? Former federal prosecutor Chuck Rosenberg said, “Given Trump’s age (77) and his status as a non-violent first offender, Judge Morchin is unlikely to impose any imprisonment on him.”
The uncertainty of running for President of the United States, even if sentenced to prison, requires serving after the term of office. There are many factors involved and the situation is more complicated. We still need to see the subsequent game of all parties.
The subsequent impact of Trump’s conviction on the crypto world
As another landmark event in the cryptocurrency market this year, the US election has a profound impact on future development. Candidates from both parties have released friendly attitudes towards cryptocurrency users in order to win votes. A typical example 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 pressured the SEC to promote the landing of Ethereum spot ETF.
Although the attitude of the Biden administration has changed somewhat, the market still worries that it will reverse its policy measures after winning the election. In comparison, Trump has a higher level of support for cryptocurrencies and has repeatedly expressed support for the cryptocurrency ecosystem. Cryptocurrency natives also hope that Trump will win. From the current perspective, Trump’s election path has not been affected by this case, and it may even be helpful.