Urgent reminder! Donald Trump lost the case in the Supreme Court, and the prospects for cryptocurrency policy are full of variables!
The US Supreme Court rejected Trump's emergency appeal, and the criminal sentence was scheduled to proceed.
The US Supreme Court rejected Donald Trump's emergency appeal to suspend the New York criminal sentence on Thursday, which means Trump will face an upcoming hearing. The decision was made against the backdrop of Trump's imminent return to the US presidency, casting a shadow on his path back to the White House.
The court ruled 5-4 that the sentencing burden on Trump was "relatively light" and allowed the hearing to be held as scheduled on Friday. Trump was accused of falsifying business records to conceal hush money during the 2016 presidential campaign and faced 34 felony charges. Nevertheless, the court believed that the case could be resolved through the regular appeal process.
Despite the legal challenges, Trump is ready to advance his cryptocurrency policy, especially to relax digital asset regulation and promote blockchain innovation. He recently announced the appointment of former US Securities and Exchange Commission Commissioner Paul Atkins as Chairman of the US Securities and Exchange Commission, planning to support domestic cryptocurrency mining and oppose US central bank digital currency.
Trump's crypto plan has won widespread support from cryptocurrency supporters, especially after he promised to reform regulatory policies, which has brought more confidence to the entire industry.
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