Is a pro-Crito presidential candidate in jeopardy?

Donald Trump's final verdict found the Republican presidential candidate guilty of falsifying records on all 34 counts to cover up a sex scandal. The case was It jeopardized his presidential campaign in 2016 and will jeopardize his next campaign for the November 5, 2024 US election.

May 2024 was an appropriate month for crypto advocates, as it seemed like a significant political shift in US policy toward crypto regulation. Trump took the opportunity to capitalize on potential votes from crypto advocates, promoting himself as a pro-crypto US presidential candidate.

Joe Biden's threat to veto the Congressional Review Act (CRA) HJRes. 109, which asked the Securities and Exchange Commission (SEC) to review and remove Staff Accounting No. 121 (SAB 121), raised a political uproar.

US Congress passes HJRes. 109 successfully passed by a vote of 60 to 38, an unusually bipartisan vote for a divided Congress. Craig Warmke, co-author of Resistance Money and the Bitcoin Policy Institute, told Cointelegraph that “Trump smelled blood,” and rightly so, he went for it.

In the year On July 12, 2019, Trump announced in X that he was “not a fan of Bitcoin.” However, as the Senate moves toward a friendlier approach to crypto regulation, so does the Republican US presidential candidate.

Trump's sudden change of position on US crypto regulation has led to some clear promises, such as the United States becoming the world leader in crypto, supporting self-government, accepting crypto for the campaign, a central bank digital currency (CBCC) and even “Elizabeth Warren and her allies.” It will take your Bitcoin away,” he boasted.

The crypto community's prospect of a U-turn in US crypto policy has gained attention from pro-crypto voters. According to a May 7 poll from the Digital Currency Group (DCG), Trump's new stance will force Biden to reevaluate his anti-crypto stance, as US elections are near and crypto voters may be a relevant group in swing states.

Could Trump's presidential candidacy be in jeopardy now that he is a convicted felon? And could a positive shift in US crypto policy go up in smoke?

What is the probability that Trump will end up in prison?

After the conviction, Trump faces a final sentencing on July 11, 2024, which could lead to prison terms. The sentencing date is unprecedented for Trump, with the former president running for re-election a week before the Republican National Convention.

However, Trump could appeal, meaning the final sentence could be extended to 2025.

Trump may serve prison time; However, this is unlikely because the crimes he was convicted of are not punishable by prison in New York.

Attorney Dan Horwitz, who previously prosecuted white collar cases for the Manhattan District Attorney's office, told CBS News that “very few people” would end up in prison like the Republican candidate. Horwitz noted that house arrest could be a possible option.

In addition, his age (77 years old), his level of power, and the fact that he has committed this crime for the first time are reasons for Trump not to receive prison time.

Can Donald Trump technically serve as president if convicted?

Article II, Section 1 of the US Constitution sets forth only three requirements for presidential office. Conditions include being a natural born US citizen, at least 35 years old and a US resident for at least 14 years.

There is no mention of requiring a clean criminal record. Even in the worst-case scenario, where Trump would have been sentenced to prison, he could still technically continue as president.

Richard L. Hasson, a law professor at the University of California, said the constitution “does not prevent anyone who has been convicted, convicted, or even served time in prison from running for and winning the presidency.”

Pro-crypto policies are not guaranteed to continue if Trump is removed.

While the law does not preclude Trump's bid to become president, social pressure or the Republican Party could push him to withdraw his presidential bid. If Trump leaves, will his pro-crypto stance for a friendly US crypto policy gain support in the Republican Party?

Dennis Porter, CEO of the Satoshi Action Fund, which works with lawmakers and regulators advocating for Bitcoin, told Cointelegraph that he believes pro-crypto policies “may disappear” if Trump withdraws.

Florida Governor Ron DeSantis was one of Trump's biggest rivals for the Republican nomination. DeSantis called on the Biden administration to fight cryptocurrency and spoke openly about his position on the dollar CBCC. However, he did not directly embrace crypto in the same way that Trump did.

The crypto community is also inflexible when it comes to politics. Trump's impeachment will add more uncertainty to a market used to constant tremors.

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