- One of New Jersey’s Democratic Senators Bob Menendez was found guilty on Tuesday of accepting bribes as a foreign agent.
- The crypto community pointed to the irony of Menendez getting convicted for corruption given he had labelled bitcoin as “an ideal choice for criminals.”
As a seasoned political analyst with a background in investigative journalism, I find the recent conviction of New Jersey Democratic Senator Bob Menendez on charges of accepting bribes as a foreign agent to be a striking development in American politics. The irony of this situation is not lost on me or the crypto community, given Menendez’s past criticisms of Bitcoin and its association with criminal activities.
U.S. Senator Bob Menendez (Dem), a vocal opponent of cryptocurrency, was convicted by a jury on Tuesday for accepting bribes in the form of gold bars and a high-end vehicle in return for wielding his political influence.
Menendez was additionally involved in proposing a legislative initiative named the “Accountability for Cryptocurrency in El Salvador (ACES) Act.” This bill aimed to oblige the State Department to deliver reports on minimizing potential risks to the American financial system due to El Salvador’s decision to recognize bitcoin as legal tender.
According to Herbert, the individual in question, Bob Menendez, acted maliciously towards President Bukele and El Salvador. The Senate Foreign Relations Committee, which Menendez chaired, should extend an apology to both the President and the country of El Salvador for any harm caused during this time.
Menendez asserted outside the courthouse following his conviction, “I’ve always been a devoted citizen and advocate for my country, with no history whatsoever of functioning as a foreign agent.”
“Instead of the regular political games we’re used to, this was all about making profits. Sadly for Senator Menendez, his long history of selling his office to the highest bidders has now caught up with him, resulting in a guilty verdict.”
As a long-term crypto investor following political developments, I’ve observed Menendez’s tenure in Congress since 1993, with his entry into the Senate in 2006. Despite repeated urging from senior colleagues, including Democratic Senate Majority Leader Chuck Schumer, he has declined to resign.
Menendez’s sentencing has been scheduled for October 29 and he could face decades in prison.
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2024-07-17 11:01