In the hush money case, Trump was found guilty. Some experts claim it may end up with a very bad outcome for the Bitcoin market.
Hush Money Case is all about secret payment between Donald Trump & adult film actress Stormy Daniels during the 2016 presidential campaign. Reportedly Trump made a total of $130k payment to Daniels to silence her claims of an affair. This matter came to light in 2018, following a report by Wall Street Journal (WSJ), which claimed Trump’s then-lawyer, Michael Cohen, had arranged a $130,000 payment to Stormy Daniels in October 2016. Allegedly Trump showed this payment recorded as legal expenses, leading to charges of falsifying business records. However, Trump many times denies such allegations, asserting the payments were private transactions unrelated to his political campaign.
In the latest developments, Trump has been convicted on 34 felony charges related to falsifying business records in the hush money case.
Now, the judge has set his sentencing date for January 10, 2025, which is only 9 days before Trump is scheduled to take office as President again.
According to many experts, this situation is very terrible because it’s unprecedented for a President-elect to face criminal sentencing right before assuming office.
BREAKING: TRUMP TO BE SENTENCED IN HUSH MONEY CASE ON JANUARY 10, DAYS BEFORE INAUGURATION
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Justice Merchan sets sentencing for January 10 after Trump’s conviction on 34 felony counts in Manhattan’s hush money case.
This unprecedented decision comes as Trump prepares to… pic.twitter.com/iiedkJlNlQ
— Mario Nawfal (@MarioNawfal) January 3, 2025
Here people need to know that despite the conviction, Trump will become President but it is not good enough for the level of panic among crypto enthusiasts, which is increasing day by day because of this news.
If Trump goes to jail then the crypto market will face a sudden bearish sentiment, which is not a good thing for this innovative market to show a big rally.
Some legal experts shared their opinion on this matter and confirmed that there is a nearly 0% chance of going to jail after his sentencing in this case.
Because of the nature of this case, Judge Juan Merchan has reportedly indicated that Trump will receive an unconditional discharge, fines, or probation for his conviction.
Also, some experts said that Trump may plan to choose some other legal options to bring a new turn, and once he assumes the presidency for a second term, he would enjoy presidential immunity; this immunity protects a sitting president from prosecution or imprisonment.
Cardano ($ADA) founder jumps in support of Donald Trump
The Cardano blockchain founder Charles Hoskinson said that no one is above the law, but at the same time, he noted that the alleged crime happened 10 years ago, in which no one was harmed.
Hoskinson also noted Trump is a very good person, as a political leader, as he is not misusing his political power for personal benefits.
Read also: Ripple ($XRP) executive says the US Congress is now most ProCrypto
Pro-Bitcoin President-Elect Trump Faces Sentencing Before Taking Office: Will Bitcoin Prices Crash?
https://bitcoinik.com/pro-bitcoin-president-elect-trump-faces-sentencing-before-taking-office-will-bitcoin-prices-crash/feed/
https://bitcoinik.com/pro-bitcoin-president-elect-trump-faces-sentencing-before-taking-office-will-bitcoin-prices-crash/feed/
