Crypto enthusiast and former US Presidential candidate, Donald Trump, has been convicted on 34 felony counts by a Manhattan jury. Manhattan District Attorney, Alvin Bragg, confirmed the guilty verdict in a press release, stating that Trump had falsified New York business records to hide his illegal activities during the 2016 election. The evidence presented in court, including invoices, checks, bank statements, audio recordings, and testimonies from 22 witnesses, proved beyond a reasonable doubt that Trump had illegally falsified 34 business records. This historic conviction makes Trump the first former US president to be found guilty of a felony.

Critics have questioned Trump’s support for cryptocurrencies, labeling it as opportunistic or even predatory. In 2018, when the crypto community did not hold significant voting power, Trump threatened to take action against Bitcoin for fraud. In a 2021 interview, he reiterated his skepticism towards digital assets, referring to them as “fake” and expressing his preference for the US currency. However, as cryptocurrencies gain prominence in the 2024 campaign, Trump has changed his stance. He recently released a series of widely criticized non-fungible tokens (NFTs) and started accepting campaign donations in crypto. He has also pledged to protect the rights of crypto holders and their ability to self-custody their assets.

It was revealed earlier this week that Trump holds $7.1 million worth of MAGA (TRUMP), a memecoin inspired by him, along with $1.83 million worth of Ethereum (ETH) and several smaller altcoins. The value of TRUMP has seen a 20% increase in the past 24 hours and is currently trading at $15.98.

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