On May 30, 2024, a New York jury found entrepreneur and US presidential candidate Donald Trump guilty of falsifying business records. This is reported by NBC News citing court documents.
The jury reached a verdict in the case after more than nine hours of deliberation. Thus, Trump became the first US president to be convicted of a criminal offense.
In his closing argument, prosecutor Joshua Steinglass told the jury:
Donald Trump's final verdict will come on July 11, 2024, four days before the Republican National Convention. The accused faces a penalty ranging from a fine to four years in prison.
The court decision and Trump's election campaign
It is reported that the former President of the United States has pleaded not guilty to all 34 charges. Trump lawyer Todd Blanche filed a motion for acquittal after the jury left the courtroom, but the judge rejected it.
Legal experts told the publication that even if Donald Trump is sentenced to prison, he will likely remain free while appealing his sentence. This process could take many months, lawyers noted.
This means that the sentence will not prevent him from continuing his election campaign and even being elected to the presidency of the United States. believes former US Attorney and legal analyst Chuck Rosenberg.
Community and crypto market reaction
On the platform Polymarket, which allows you to bet on various events using crypto assets, the majority of participants still predict Trump will win the election. Even after the verdict was announced, 54% of traders bet on him, while 40% were on Joe Biden.
The situation in the cryptocurrency market is different. Against the background of the court decision, the memecoin MAGA (TRUMP), created around the image and political campaigns of Donald Trump, sank below $11.5 at the moment. At the time of publication, the price of the asset has partially recovered – it is trading around $13.5, according to TradingView.
Trading pair TRUMP/USDT on the MEXC exchange. Source: TradingView.
In turn, the Joe Boden memecoin (BODEN) increased by more than 10% in the last 24 hours and reached $0.37 at the moment. Subsequently, the asset price dropped to $0.29.
Note that earlier edition Bloomberg reported that the owner of the social network X (formerly Twitter) and billionaire Elon Musk advised Donald Trump on digital assets. Musk subsequently denied this information:
Elon Musk and Donald Trump are discussing cryptocurrency policy 一 Bloomberg pic.twitter.com/hk252omuR2
— DogeDesigner (@cb_doge) May 30, 2024
According to the Arkham Intelligence platform, the value of Donald Trump’s crypto assets has exceeded $10 million. Most of it is TRUMP tokens.
Source: Cryptocurrency
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