How Trump’s Guilty Verdict Is Literally Tanking His Value

Donald Trump and his fans are losing big on the crypto marketplace following his guilty verdict, despite his bragging just days earlier that he was confident in cryptocurrency.

As news of the verdict broke Thursday, the TRUMP token fell 35 percent, while a memecoin for President Joe Biden called “Jeo Boden” grew 20 percent.

Trump may have personally lost money last night too. According to blockchain data tracked by Arkham Intelligence, the former president reportedly holds assets worth approximately $10 million, with sizable amounts of MAGA tokens, ethereum (ETH), and MAGA VP tokens.

Alongside these memetokens, Trump has launched three NFT collections since December 2022, including the “Mugshot Edition NFTs.” But as the hush-money trial began in late April, the first edition of the Trump Digital Trading Card’s trading volumes fell 99 percent in 30 days.

Trump has bet heavily on a cryptocurrency payoff. Earlier this month, he spent one of his few days off the trial courting NFT buyers at a dinner in Mar-a-lago. Shortly after, he vowed to “build a crypto army.” And on Thursday, just hours before the verdict, Bloomberg reported that Trump was discussing crypto policy with Elon Musk.

While Musk denied specifically talking about crypto, it does appear that the Trump campaign is looking for an advisory role for Elon if he wins a second term.

Meanwhile, Trump and his allies are losing on standard markets too, with Truth Social stocks plummeting as much as 15 percent on Thursday.

Despite Trump’s myriad monetary failures, crypto traders at Polymarket, the blockchain-powered betting site, are still banking on Trump defeating Biden—putting his odds of winning at 54 percent—even after the conviction. Traders are also placing $900,000 wagers on whether Trump will see the inside of a jail cell by November, with some saying he has a 17 percent chance of imprisonment.

Ultimately, let’s hope the only blocks and chains Trump is involved with in the next year are in a cell block.

Representative Lauren Boebert’s attempts to highlight her congressional track record may have unintentionally damaged her reelection campaign.

Fending off criticism Thursday night during a Republican debate for Colorado District 4 representative hopefuls, Boebert attempted to draw attention to her work in the House—but ended up having to admit to her minimal accomplishments.

“For Ms. Boebert, how many bills did you prime-sponsor … in the U.S. Congress that actually were signed by the president of the United States?” asked state Representative Richard Holtorf, noting that “anybody can put their name on a bill after it passes” and become a co-sponsor.

Boebert immediately attempted to dodge the question, hitting the local conservative and primary competitor for having a “failing Liberty score,” a measure of a conservative’s policy stances.

“Would you like to answer the question, or would you like to talk about Liberty scores?” pressed Holtorf. “You can answer the question, ma’am, it’s OK. I asked a very specific question, please answer it.”

“I certainly will. One of my favorite pieces of legislation that has been signed into law is my Pueblo Jobs Act that creates at least 1,000 jobs in Pueblo, Colorado,” Boebert said, not revealing that that is actually the only bill she’s prime-sponsored that has become law.

“But there are also many other pieces of legislation that I’ve passed through the House—” she continued, before getting cut off by Holtorf, who clarified that “it doesn’t matter if it’s passed through the House. If the president doesn’t sign it, ma’am, then it doesn’t get passed.”

But the debate moderators gave Boebert one more chance to elucidate her congressional scorecard after her speaking time ran out.

“So my Pueblo Jobs Act—” she started, before the moderator insisted on a number.

“That is one,” Boebert finished weakly.

Boebert’s time in Congress, instead of being spent working on legislation for her constituents, has been sprinkled and seasoned with scandal. In September, the gun-toting Republican was caught vaping, recording, loudly singing along, and fondling her date during a performance of Beetlejuice in Denver, causing her and her date to get kicked out of the theater for “causing a disturbance.” And in February, the Colorado representative’s son was arrested in the city of Rifle over a string of thefts.

Boebert has also used her national platform to call Representative Ilhan Omar a “terrorist,” joined fellow conspiracy theorist Representative Marjorie Taylor Greene in heckling President Joe Biden during his 2022 State of the Union address, and faced calls for her resignation after she tweeted out the location of Nancy Pelosi as the former speaker of the House escaped charging rioters on January 6.

Supporters of the newly convicted Donald Trump are already disseminating extensive calls for violence. According to Reuters, which reviewed numerous posts across multiple conservative platforms, users have expressed desires to attack jurors and to kill Judge Juan Merchan, as well as to kill everyone in Washington, D.C., and Democrats overall.

“Someone in NY with nothing to lose needs to take care of Merchan,” wrote one user on Patriots.Win, a far-right forum that was created after its genesis, r/The_Donald, was suspended by Reddit for hate speech.

“Time to start capping some leftys,” wrote one user on the conservative blog Gateway Pundit. “This cannot be fixed by voting.”

“1,000,000 men (armed) need to go to Washington and hang everyone. That’s the only solution,” said another.

Fanning the flames himself, Trump posted on Truth Social shortly before the verdict, calling Merchan “highly conflicted” and sowing doubt about the integrity of the jury vote process that led to his conviction. In response, Reuters reports, a user posted a photo of a noose on a hangman’s platform with the caption “Treasonous mobster of the justices system.”

Trump also published a campaign video on Truth Social after his guilty verdicts, promising to “liberate America from these villains once and for all.”

“This is the final battle,” Trump warns in the chilling video. “With you at my side, we will demolish the deep state. We will expel the warmongers from our government. We will drive out the globalists. We will cast out the Communists, Marxist, and fascists. We will throw off the sick political class that hates our country. We will rout the fake news media, and we will liberate America from these villains once and for all.”

Calls for violence from Trump supporters aren’t a new phenomenon—after all, these are the same people who carried out a violent riot at the Capitol in rejection of Trump’s 2020 loss to Biden. And Trump has been goading them on throughout his hush-money trial.

As Reuters notes, many of the threats and calls for violence circulating online don’t rise to the threshold of an actionable threat. But the intensity of hate spewing out from the MAGA cesspool following Trump’s conviction is sizable and has prompted far-right figures to urge people away from giving in to their desire to post things that will get them a visit from the FBI.

It’s every man for themselves in the Wild West of the Republican Party, with convicted felon Donald Trump warning other party members to stay far away from his fundraising efforts.

The presumptive GOP presidential candidate’s campaign wasted no time Thursday leveraging his hush-money conviction for its fundraising efforts, raising $34.8 million in a small-dollar haul in the hours after Trump became the first former president turned convicted felon in U.S. history. In emails to his supporters, a free-walking Trump described himself as a “political prisoner” and questioned if the verdict would be the “end of America.”

But Trump has made it abundantly clear that he doesn’t want any down-ballot Republicans to join his crusade—for fear that they could line their own pockets with donations that might instead have gone to him.

“Any Republican elected official, candidate or party committee siphoning money from President Trump’s donors are no better than Judge Merchan’s daughter,” Trump co–campaign manager Chris LaCivita told Politico. “We’re keeping a list, we’ll be checking it twice, and we aren’t in the spirit of Christmas.”

The Trump campaign had already delivered an unusual notice to GOP vendors in April requesting that other campaigning Republicans “who choose to use President Trump’s name, image, and likeness” share a minimum of 5 percent of their fundraising solicitations with the former president.

“This includes but is not limited to sending to the house file, prospecting vendors, and advertising,” LaCivita and his campaign co-manager Susie Wiles wrote in the letter.

But the ongoing money-grubbing is a stark sign for the health of the Trump campaign. Trump’s previous grifts included launching a remarkably ugly sneaker and selling NFT trading cards of himself dressed in superhero costumes and astronaut suits. And, on top of maintaining some GOP megadonors post-conviction, Trump is well on his way to morphing the RNC into his personal piggy bank.

In March, he installed his daughter-in-law Lara Trump to co-run the organization alongside North Carolina GOP Chairman Michael Whatley. In an interview with Real America’s Voice, Lara Trump vaguely promised that “every single penny of every dollar donated” will go to causes that “people care about.”

But Republicans saw through that.

“There will be zero money available for any candidates down ballot. Zero,” Liz Mair, a Republican strategist, told USA Today at the time. “All of it will be funneled into the presidential, and despite what Chris LaCivita says, I’m pretty sure as much of it as can be will actually be funneled into covering Trump lawsuit costs.”

After Donald Trump was found guilty of 34 felony counts in his hush-money trial Thursday, Republicans threw a fit. Old criticisms of Trump were immediately forgotten, and full-throated defenses of the first president to be convicted of a crime began.

Former Representative Justin Amash, one of the few conservatives who supported Trump’s impeachment over the Ukraine scandal during his presidency, surprisingly came out swinging, calling the verdict “an affront to the rule of law.” Amash probably seeks to get more Republican support for his run for the Senate in Michigan.

Senator Marco Rubio, who Trump derisively called “little Marco” during the 2016 presidential elections, said that “Biden leftists in New York made a mockery of our criminal justice system,” and predicted Trump would win anyway.

Senator J.D. Vance, a Trump V.P. contender and one of the first Republican politicians to react to the news, called the verdict “election interference.”

Hours after the verdict was delivered, Senate Majority Leader Mitch McConnell saw fit to chime in.

And, in a case of poor timing, Senator Chuck Grassley tweeted out a picture of himself enjoying ice cream not long after the verdict.

(More than an hour later, he condemned the verdict and said he expected it to be overturned.)

Ivanka Trump offered just four words in support of her freshly convicted felon father on Thursday, publishing to her Instagram stories a photo of herself as a child sitting on her future-convict father’s lap with the text “I love you dad” with a heart emoji. The post was kept to Ivanka’s stories, where it will disappear in a matter of hours—evidently not worth sharing as a post and soiling her highly curated influencer-style grid.

It’s the kind of thing you’d expect to see from someone who forgot it was Father’s Day and who doesn’t really keep in contact with their dad, not from the daughter of a former president turned convict in one of the most highly publicized trials of the century.

Despite profiting tremendously from Trump’s political career, Ivanka has remained completely silent through his criminal one. And while her brothers, Don Jr. and Eric, have made appearances at the Manhattan courthouse—including Don Jr. stuffing his face with junk food while awaiting the verdict with his dad and Eric reportedly staring a hole in the back of a court officer in the courtroom as the guilty verdicts came down—Ivanka didn’t show up at all.

Trump was found guilty by a jury of New Yorkers of 34 felonies on Thursday, over payments he sent to Stormy Daniels to keep silent about their queasy tryst. He’s due back in court for sentencing in July.

Donald Trump’s attorney Todd Blanche still believes in his failed legal strategy to defend the former president—even though he’ll readily admit that the plan did not cover all the bases.

Hours after the courtroom adjourned Thursday, Blanche ran a media circuit, standing firm that the defense had done “the best we could” while still insisting that the defense strategy had been airtight.

“We never saw… some key figures who got brought up a lot. Why didn’t the defense call any of these witnesses?” asked CNN’s Kaitlan Collins.

“Well, because we happen to live in America,” Blanche chortled. “We don’t have the burden of proof. So, that’s not the point.”

“The question that we asked the jury… is why the prosecution didn’t call those witnesses,” he continued. “As a defense attorney, you don’t go into a case saying, ‘I’m going to fill the holes of the prosecution.’”

It’s wild to claim it simply wasn’t his responsibility to call supposedly crucial witnesses who could have exonerated his client, and Trump himself wasn’t happy with the lapse. In the days leading up to the jury’s decision, Trump torched his attorneys online, claiming that his team had not pursued the legal strategy he wanted and that crucial witnesses had been left on the table.

But Blanche couldn’t defend that narrative either, instead telling Fox News’s Jesse Watters that Trump was “very involved” in his own defense.

“He’s a smart guy, he knows what he’s doing. He jokingly said to us a lot that sometimes he wanted to be the litigator, he wanted to be arguing, because he knows what he’s doing,” Blanche said. “We made every decision together.”

And mind-bogglingly, when Watters asked if he would have done anything differently, Blanche said he “wouldn’t change anything that we did”—apparently including ending with a conviction.

The month-long trial ended in a guilty verdict for Trump, the first criminal conviction of a former president in U.S. history. Trump’s sentencing is scheduled for July 11, just three days before the Republican National Convention.

Convicted felon Donald Trump might need to turn to some of his ex-allies in order to help him out with his newfound legal guilt—namely, “Tiny D” Florida Governor Ron DeSantis.

Trump’s ability to vote for himself in November will depend on the details of his sentence, which is expected July 11. His vote is further complicated by his choice of permanent residence—Florida—which bars felons from participating in elections. And Florida’s regulations on the issue are particularly restrictive: even if a person is convicted of a felony in another state, as long as the state recognizes the crime, they still won’t be allowed to cast their ballots until they complete their sentence.

Trump has another option, though: DeSantis, whom Trump has also dubbed “Meatball Ron” and “Pudding Fingers,” could make a special exception for his former primary competitor.

New York Justice Juan Merchan could sentence Trump to up to four years in prison. He could also impose probation, supervised release, or order Trump to do community service or pay fines. Trump would need to complete all portions of his sentence before he’d be allowed to vote again in Florida, Alex Saiz, legal director of the Florida Justice Center, explained to Politico.

“Let’s say for whatever reason, Donald Trump gets just a fine and no [prison] sentence. If he doesn’t pay that fine, then he can’t vote until that fine is paid,” Saiz told the publication. “But if he gets given time served and a $500 fine, once he has paid that $500 fine and owes no more money and has no more supervision, then he is eligible to vote in the state of Florida.”

If Trump completes his sentence, he may still be loath to ask DeSantis for help. But considering the fact that DeSantis seems perfectly happy fundraising for the man who once called him a groomer, he may be willing to intervene.

After a Manhattan jury found him guilty on all 34 felony charges in his hush-money trial in New York Thursday, Donald Trump said that the whole thing was rigged against him.

“This was a disgrace, this was a rigged trial by a conflicted judge who was corrupt. It’s a rigged trial, a disgrace,” Trump said to reporters as he left the Manhattan courtroom.

“They wouldn’t give us a venue change, we were at 5 percent or 6 percent in this district, in this area. This was a rigged, disgraceful trial. The real verdict is going to be November 5 by the people, and they know what happened here and everybody knows what happened here,” Trump added.

Trump went on to blame District Attorney Alvin Bragg, calling him Soros-backed, and accused the Biden administration of trying to weaken him to win the election.

The former president’s sentencing is scheduled to take place by Judge Juan Merchan on July 11 at 10 a.m., just four days before the Republican National Convention begins in Milwaukee, Wisconsin. His post-trial remarks could affect his sentencing, as a lack of remorse is often considered by judges in criminal cases.

Immediately after the trial, Trump also sent a fundraising email to his followers where he declared himself a political prisoner.

In the event Trump is sentenced to prison time, it’s uncertain how the presumptive Republican presidential nominee will attempt to continue his campaign from behind bars—which some of his followers falsely claim has already been explored by the Secret Service. Trump does have the option to appeal the guilty verdict, which could mean that he wouldn’t have to start serving any sentence until an appeals court makes a decision. An appeal could push the possibility of jail time until after the election.

Read Trump’s full remarks on his guilty verdict below:

This was a disgrace, this was a rigged trial by a conflicted judge who was corrupt. It’s a rigged trial, a disgrace. They wouldn’t give us a venue change, we were at 5 percent or 6 percent in this district, in this area. This was a rigged, disgraceful trial. The real verdict is going to be November 5 by the people, and they know what happened here and everybody knows what happened here. You have a Soros-backed DA, and the whole thing, we didn’t do a thing wrong.

I’m a very innocent man, and it’s OK, I’m fighting for our country, I’m fighting for our Constitution, our whole country is being rigged right now. This was being done by the Biden administration in order to wound or hurt an opponent, a political opponent, and I think it’s just a disgrace and we’ll keep fighting, we’ll fight till the end and we’ll win because our country’s gone to hell.

We don’t have the same country anymore. We have a divided mess, we’re a nation in decline, serious decline, millions and millions of people pouring into our country right now. From prisons and from mental institutions, terrorists and they’re taking over our country. We have a country that’s in big trouble, but this was a rigged decision right from day one with a conflicted judge who should have never been allowed to try this case. Never. And we fight for our Constitution. This is long from over. Thank you very much.

A jury found Donald Trump guilty on all 34 counts on Thursday, marking the first time in U.S. history that a former president has been convicted of a felony.

The jury reached its decision after deliberating for less than 10 hours. Judge Juan Merchan announced that Trump will be sentenced on July 11 at 10 a.m., mere days before the Republican National Convention will take place in Milwaukee, Wisconsin.

Trump was accused of using his former fixer Michael Cohen to sweep an affair with porn star Stormy Daniels under the rug ahead of the 2016 presidential election. He faced 34 felony charges in the case for allegedly falsifying business records with the intent to further an underlying crime in the first degree.

In order to find Trump guilty of felony-level falsification of business documents, the jurors had to unanimously agree that he did so in order to further an underlying or separate crime. But before entering the jury chamber—and against the best efforts of Trump’s legal team—Merchan ruled that the jury did not need to agree on what the separate or underlying crimes were.

Trump listened to the verdict wearing a deep frown, while his attorneys looked away from their client.

Just before the jury began deliberating Trump’s fate, the former president slammed his own legal defense, seemingly disapproving of the strategy they had chosen. In frantic, back-to-back posts on Truth Social Wednesday morning, Trump suggested that he had wanted an advice of counsel defense, a strategy that negates the element of criminal fraud when the advice stems from “reasonable reliance” on the advice of a person’s legal counsel.

His attorneys had indicated in March that they had no intention of employing that strategy. Instead, they wanted to include evidence that centered around the lawyers in Trump’s decision to dole out hush-money payments to porn actress Stormy Daniels—a strategy that Merchan described as a “presence of counsel” defense and that he ultimately deemed would be too confusing for the jury to navigate.

The outcome will have historic ramifications not just for Trump but for the entire country. If Trump does end up being sentenced to prison, it remains to be seen how the presumptive GOP presidential nominee will attempt to continue his bid for reelection from a jailhouse—a possibility that many of his followers are falsely claiming the Secret Service has already explored.

Regardless, several prominent far-right politicians have already indicated that they will continue to support Trump even if he’s convicted of a felony. In an embarrassing show during an August GOP primary debate, former U.N. Ambassador Nikki Haley, South Carolina Senator Tim Scott, biotech investor Vivek Ramaswamy, North Dakota Governor Doug Burgum, Florida Governor Ron DeSantis, and former Vice President Mike Pence all indicated that they would continue to support Trump as the Republican nominee even if he’s found guilty in his criminal trials. Others have gone even further: In November, Representative Marjorie Taylor Greene told Piers Morgan that she would “absolutely” continue to support Trump’s presidency, even “from a prison cell.”

And Americans are right behind them. An April NPR/PBS NewsHour/Marist poll found that nearly two-thirds of Republicans would still vote for Trump even if he was found guilty. Only November will show if they make good on that promise.

This story has been updated.