Crypto advocate and former US Presidential candidate, Donald Trump, has been found guilty on 34 felony counts by a jury in Manhattan, according to reports and a press release from Manhattan District Attorney (DA) Alvin Bragg. The charges relate to Trump’s alleged falsification of New York business records in an attempt to conceal his illegal activities during the 2016 election.
DA Bragg stated that Trump repeatedly and fraudulently falsified business records in order to hide damaging information from American voters. The jury was presented with extensive evidence, including invoices, checks, bank statements, audio recordings, and testimony from 22 witnesses, which proved beyond a reasonable doubt that Trump had illegally falsified 34 New York business records.
The former president went to great lengths to lie and protect himself and his campaign. The Manhattan judicial system is committed to upholding equal justice under the law, regardless of the accused’s background, wealth, or power.
This conviction makes Trump the first former US president in history to be found guilty of a felony. Critics have accused his support for cryptocurrencies as opportunistic or even predatory. In 2018, Trump expressed his intention to target Bitcoin for fraud. In a 2021 interview, he dismissed the crypto community and referred to digital assets as “fake.”
However, with cryptocurrencies becoming a significant campaign issue in 2024, Trump has recently changed his stance. He released a series of widely criticized non-fungible tokens (NFTs) in 2022 and has started accepting campaign donations in crypto. He has also promised to protect the rights of crypto holders and their ability to self-custody their assets.
Recent revelations indicate that Trump holds $7.1 million worth of MAGA (TRUMP), a memecoin inspired by him, in addition to $1.83 million worth of Ethereum (ETH) and various smaller altcoins. TRUMP is currently trading at $15.98, experiencing a 20% increase in the last 24 hours.
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