It is improbable that the guilty ruling against Trump will impede his efforts to promote cryptocurrency during his Presidential campaign.

Despite being found guilty of 34 felony charges for manipulating business records, former President Donald Trump’s pro-crypto campaign for presidency continues to push forward without any indication of stopping.

On May 30, a Manhattan jury made a significant decision by convicting Trump for offenses connected to his payment of hush money to adult film performer, Stormy Daniels, while running for president in 2016.

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The date for the verdict is scheduled for July 11, however legal professionals state that Trump is still eligible to run for president despite being found guilty. Chuck Rosenberg, legal analyst for NBC News and MSNBC, commented:

“The only eligibility requirements are those stated in the Constitution.”

The Constitution requires presidential candidates to be born as citizens, be at least 35 years old, and have resided in the United States for 14 years. There is no provision in the Constitution that prohibits individuals with criminal records from being eligible for candidacy.

Pro-crypto campaign unfazed

At the Consensus 2024 event, Robert F. Kennedy Jr., the opponent in Trump’s presidential election, proposed that the conviction could potentially strengthen Trump’s chances in the upcoming election.

I believe that this will ultimately benefit President Trump in the eyes of a significant portion of the American population.

Kennedy admitted that Trump’s change in favor of crypto is beneficial for the American people, even though he still has concerns about Trump as a leader.

Additionally, the latest Polymarket predictions suggest that, despite being convicted, Trump still has a 56% probability of winning the upcoming election.

In the past, there have been previous instances of individuals with criminal convictions running for the presidency. In 1920, Eugene Debs represented the Socialist Party of America while in prison. However, Debs only received 3% of the popular vote, unlike Trump who is still seen as a strong candidate for the 2024 election.

The possibility of Trump becoming president while serving a sentence raises legal concerns regarding the ability to enforce a state sentence against a president in office. According to Rosenberg, the issue is complex.

“This is an extremely challenging question.”

As the November election draws near, President Trump remains dedicated to promoting cryptocurrency despite any obstacles, highlighting a unique element in this election.

Trump-related digital assets

The legal proceeding and its result hold meaningful consequences for Trump’s public reputation and the success of digital assets associated with him as the former President.

The amount of trading for the “Trump Digital Trading Card Collection” decreased by 99% prior to the trial, showing the connection between his legal issues and market success.

In the meantime, there were large fluctuations in the value of political cryptocurrencies linked to Trump after news of his conviction was announced.

According to CryptoSlate’s data, the memecoin known as “FreeTrump” ($TRUMP) experienced a 540% increase in value at the time of publication, whereas the token associated with Biden, known as Jeo Boden (BODEN), saw a decrease of 8.9%.

Other Trump-associated symbols, like MAGA (TRUMP) and MAGA VP (MVP), initially decreased in value due to this announcement but have since slightly rebounded. As of the time of writing, the former has risen by 6% in trading, while the latter has dropped by 5%.

Referenced in this article.