Crypto Market Braces As Donald Trump Sentencing Approaches

The crypto market is on high alert as former President Donald Trump’s potential sentencing draws near. Scheduled for September 18, the event has attracted market eyes, with reports suggesting the New York State National Guard is preparing for possible unrest. The former US President’s legal team continues to push for delays and a move to federal court, adding to the uncertainty surrounding his future and the market’s reaction.

Security Tightens Amid Donald Trump Faces Potential Sentencing

The anticipation surrounding Donald Trump’s sentencing has led to a flurry of preparations in New York. Laura Loomer, a Trump supporter, claimed on social media that National Guard troops have been stationed in hotels near the NYC courthouse.

Meanwhile, she cited a federal law enforcement source who believes the Guard’s presence is due to fears that New York police unions are planning a mass “out sick” day on September 18. According to Loomer, this potential action is a protest against the former US President’s prosecution, with many officers reportedly unwilling to participate in what they see as political persecution.

In addition, amid these unfolding events, the former US team’s legal team has been actively working to move his criminal case to federal court. They argue that the recent Supreme Court ruling granting broad immunity to presidents should allow them to be tried in a federal forum.

However, efforts to delay his sentencing continue to face pushback, with the Manhattan District Attorney’s office maintaining that the Supreme Court’s ruling has no impact on the case. The former US President faces up to four years in prison, though he could receive a lighter sentence, such as probation.

A Closer Look Into The Former US President’s Case

Donald Trump’s attempts to postpone his sentencing and shift the venue to federal court have drawn significant attention. His lawyers have argued that the ongoing proceedings are causing irreparable harm, not just to the former President but also to voters across the nation.

They’ve criticized the New York State court system, claiming its procedures fail to protect federal interests and may lead to further damage to the former US President’s campaign. The former president’s legal strategy seems focused on delay tactics, a familiar approach given his previous requests to remove Justice Juan Merchan from the case, citing alleged bias.

However, according to reports, these claims have been repeatedly rejected by Justice Merchan. Trump’s legal team is now awaiting a decision on their latest bid to postpone sentencing, which could significantly impact the timeline of his case.

Notably, Judge Alvin K. Hellerstein, who previously denied the former US President’s request to move the case to federal court, will also rule on the current petition. The judge previously noted that the hush-money payments were personal matters unrelated to his official duties as president, casting doubt on the likelihood of a different outcome this time.

Meanwhile, Donald Trump has gained notable traction in the crypto market lately, given his recent shifting focus toward digital assets. On the other hand, the US VP Kamala Harris has faced heavy criticism, given the US SEC’s stance towards the crypto firms.

✓ Share:

Rupam Roy

Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.