Crypto supporter and US presidential candidate Donald Trump has been found guilty of 34 crimes by a jury in Manhattan.
According to widespread reports and a press release from Manhattan District Attorney (DA) Alvin Bragg, the former president was found guilty yesterday on all counts of “falsifying New York corporate records to conceal his illegal scheme to corrupt the 2016 election.” .
According to D. A. Bragg,
“Donald Trump is guilty of repeatedly and fraudulently falsifying company records in a scheme to hide damaging information from American voters during the 2016 presidential election. Over the course of the past few weeks, a jury of twelve ordinary New Yorkers was presented with overwhelming evidence presented — including invoices, checks, bank statements, audio recordings, phone logs, text messages and direct testimony from 22 witnesses — showed more than a reasonable doubt that Mr. Trump illegally falsified 34 business documents in New York.
Mr. Trump went out of his way to lie repeatedly to protect himself and his campaign. In Manhattan, we follow the facts without fear or favor and have a solemn responsibility to ensure equal justice under the law, regardless of the background, wealth or power of the accused. The integrity of our legal system depends on upholding that principle.”
Donald Trump is the first former president in American history to be convicted of a crime.
Some critics have accused Trump’s crypto support of being opportunistic at best and predatory at worst. In 2018, before crypto holders formed a major voting bloc, the then-president suggested he would “go after Bitcoin.” [for fraud.]”
In 2021, Trump doubled down on his dismissal of the crypto community, saying in an interview that he had not invested in digital assets, suggesting the technology is “fake.”
“I love the currency of the United States. I think the others are potentially a disaster waiting to happen.”
However, with crypto becoming a campaign issue in 2024, the former reality TV star recently changed his tune. After releasing a series of widely distributed non-fungible tokens (NFTs) in 2022, Trump recently began soliciting campaign donations in crypto.
The former president also recently pledged to protect crypto holders and their right to self-custody.
Earlier this week, Arkham revealed that Trump owns $7.1 million worth of MAGA (TRUMP), a memecoin inspired by his likeness, as well as $1.83 million worth of Ethereum (ETH) and a range of smaller altcoins.
TRUMP is trading at $15.98 at the time of writing, up 20% in the last 24 hours.
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Featured image: Shutterstock/rifkhas/Nikelser Kate