Original | Odaily Planet Daily

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Early this morning Beijing time, a jury in a New York court unanimously ruled that Trump was guilty of all 34 charges, making him the first former president in U.S. history to be convicted of criminal charges.

This incident not only caused a sensation in the mainstream media, but also caused Trump-related tokens in the crypto market to fall by more than 30% in a short period of time. Previously, in the rising market of the Meme sector, Trump-concept Meme tokens rose particularly high, and the representative project MAGA (TRUMP) repeatedly broke new highs. In addition, Trump has recently been actively advocating the advantages of cryptocurrency, and he and his family members have a close relationship with cryptocurrency. Recommended reading : "How did the American "crypto ancestor" Trump come into being? "

If Trump is convicted, will it affect his US election in November? What impact will it have on the future trend of the crypto market? Odaily Planet Daily will answer the above questions.

Will Trump's conviction affect his performance in the US election?

A jury in a New York court ruled on the 30th 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 US history to be convicted of criminal charges.

Speaking after walking out of the courtroom, Trump said : "The real verdict will be made by the American people on November 5th. We did nothing wrong. I am an innocent man.

The "hush money" case was heard by the Manhattan Criminal Court. Each of the 34 felony charges could result in a sentence of up to four years in prison, but he can appeal and his personal freedom will not be restricted before the appeal is decided. The final sentencing will be announced at 10 a.m. Eastern Time on July 11, and the Republican Party will hold its national convention on July 15 to formally nominate Trump as president.

"Even if Trump is sentenced to prison next month, he can remain free during his appeal," said Michael Bachner, a former prosecutor and defense attorney. "In the meantime, from now on, Trump will be free to give media interviews, travel and continue his campaign."

In other words, theoretically Trump can still run for president of the United States.

U.S. presidential candidate Robert F. Kennedy Jr. said a guilty verdict for Donald Trump could boost his chances in November. Kennedy, who is running as an independent against both Trump and Biden, said more than half of his supporters would switch to Trump if he dropped out of the race.

Trump's supporters may think that Trump is being politically persecuted, which will increase voters' support for Trump's presidential campaign. Trump himself may even use this wave of convictions to deepen voters' enthusiasm for him. After all, Trump's appeal is obvious to all in today's America.

Will Trump really go to jail? Former federal prosecutor Chuck Rosenberg said, "Trump's age (77) and his status as a nonviolent first offender make it unlikely that Judge Mochin will sentence him to any prison term."

The uncertainty of running for the US presidency means that even if a person is sentenced to prison and happens to win the election, he will have to serve his sentence after his term ends. There are many factors involved and the situation is relatively complicated. The specific outcome still depends on the subsequent game between the various parties.

The subsequent impact of Trump’s conviction on the crypto world

As another landmark event in the crypto market this year, the US election has a profound impact on subsequent developments. In order to win votes, candidates from both parties have shown a friendly attitude towards crypto users. A typical example is the 21st Century Financial Innovation and Technology Act (FIT 21, HR 4763), which was passed by the House of Representatives on May 22, and the White House also put pressure on the SEC to promote the implementation of the Ethereum spot ETF.

Although the Biden administration has changed its attitude, the market is still worried that it will reverse its policy after winning the election. In contrast, Trump is more supportive of cryptocurrencies and has repeatedly called for support for the crypto ecosystem . Crypto natives are more hopeful that Trump will win the election. So far, Trump's campaign has not been affected by the case, and it has even helped him.