Cryptocurrency
Senator Convicted in Bribery Scandal Faces Legal Ramifications for Anti-Crypto Stance
Friday. July 19 at 1:30 PM
1 min. readUnited States Senator Bob Menendez, a Democrat from New Jersey and a vocal critic of Bitcoin, has been found guilty in a bribery scandal. Menendez allegedly accepted bribes to support foreign interests, sparking concerns about political corruption. Convicted on 16 counts, he received payments in fiat currencies, gold bars, and a luxury car. His negative stance on cryptocurrencies contrasts with his criminal actions, leading to demands for his resignation. The sentencing, set for October 29, could result in a lengthy prison term. The crypto community, which Menendez criticized for being favored by criminals, now sees irony in his legal troubles. His past statements condemning Bitcoin as a tool for illegal activities have come back to haunt him, as he faces consequences for engaging in corrupt practices himself.