Democratic Senator Who Called Bitcoin An Ideal Choice For Criminals Found Guilty Of Accepting Bribes In Gold, Cash And Luxury Car
Portfolio Pulse from Aniket Verma
Senator Bob Menendez, who previously criticized Bitcoin as a tool for criminals, has been found guilty of accepting bribes in gold, cash, and a luxury car. Menendez, who chaired the Senate Committee on Foreign Relations, had voiced concerns over Bitcoin's role in cyberattacks and co-sponsored legislation against its adoption in El Salvador. Bitcoin's price rose 3.41% following the news.
July 17, 2024 | 8:33 am
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Bitcoin's price increased by 3.41% following the news of Senator Bob Menendez's corruption charges. Menendez had previously criticized Bitcoin, which may have influenced market sentiment.
The news of Menendez's corruption charges, despite his previous criticism of Bitcoin, may have led to a positive market reaction as it highlights the irony and potential bias in his stance against cryptocurrencies.
CONFIDENCE 90
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RELEVANCE 80