Scaramucci and Crypto Industry React to Guilty Verdict – DL News

• “Move to a red state,” recommends Ryan Selkis, after Trump’s conviction.
• Trump is positioning himself as a cryptocurrency candidate in the 2024 presidential election.

Crypto X reacted to the news of former US President Donald Trump’s conviction with a mix of indignation and humor.

Trump was found guilty of 34 felonies related to the hush money paid to porn star Stormy Daniels.

Messari CEO and co-founder Ryan Selkis tweeted: “Buy guns. Buy Bitcoin. Go to red state. The Constitution of the United States has fallen.”

Former FTX executive Ryan Salame posted: “Hard to see two great men convicted this week.”

Salame was also allegedly referring to himself: He was convicted this week on fraud charges.

On the other hand, venture capitalist Adam Cochran, known in the crypto X community for his viral threads, posted that Trump is “a literal criminal.”

“A impeached twiceconvicted felon, found guilty by a jury of his peers on 34 counts, “is running for president, Cochran wrote, adding that Trump has also been held civilly liable for defamation, sexual violence AND drums.

“But you’re worried about the other boy [incumbent Joe Biden] Is old?”

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Shut up money

There is no evidence that Trump’s conviction threatens the Constitution of the United States.

He was found guilty by a Manhattan court of falsifying business records.

He did this to cover a $130,000 payment to Daniels to ensure he did not go public before the 2016 presidential election about a sexual encounter he had in 2006, when he was already married to his current wife. Melania Trump.

“Trump will never be president again,” financier Anthony Scaramucci wrote Thursday.

Scaramucci has been critical of Trump since he was fired from his job as White House communications director in 2017.

However, experts say Trump is he is unlikely to go to prison. And the belief it doesn’t stop him from running for president again.

Nor is it likely to erode the support of his base, who are undeterred by his long list other alleged crimes and civil violationshis close ties to America’s enemies, or to its own sleazy comments on women.

Trump himself claims to be the victim of a politically motivated witch hunt.

Crypto-allied Republican Sen. Cynthia Lummis — who has previously posted images of herself with laser eyes — repeated that phrase Thursday, calling the trial a “partial political persecution.”

Cryptocurrency support

In his campaign for president, Trump can apparently count on the support of cryptocurrency industry leaders.

He is I’ve been struggling a lot lately to position itself as a crypto-friendly, potentially industry-influenced candidate well-funded political lobby.

Selkis, who has lobbied heavily on behalf of the industry, was spotted at Mar-A-Lago, Trump’s resort town in Florida.

Biden has apparently come to a similar realization with his administration reportedly cautiously engaging the industry.

However, it may be too late for Biden, who has embraced some powerful crypto-skeptics, including Securities and Exchange Commission Chairman Gary Gensler and cryptocurrency arch-enemy Senator Elizabeth Warren.

Commitment questioned

While many in the cryptocurrency world rejoice at Trump’s about-face, some are skeptical that he is truly committed to the industry.

Cochran alluded to Trump’s in his post story of lies.

“Imagine thinking he will keep his commitments to you when he lies and cheats in everything,” she wrote.

Trump had not shown much interest in cryptocurrencies in the past, and in 2021 he called Bitcoin a scam.

He and Melania have both issued lines of non-fungible tokens, commonly known as NFTs.

Contact the author at joanna@dlnews.com.

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