Former US President Donald Trump Prepares for Arrest by DoJ

Godfrey Benjamin
August 25, 2023
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Former US President, Donald J. Trump is preparing for his arrest later today as he acknowledged on his media platform Truth Social.

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President Donald Trump Makes History

As gleaned from his multifaceted post on the Truth Social, the arrest is scheduled to be spearheaded by District Attorney Fani Willis in what will be an escalation of his indictment following the run on the capitol and his challenge to the Presidential election that brought President Joe Biden into office.

With the time set for 7:30 pm ET, the proposed arrest will be coming just a day after President Trump’s historic interview with Tucker Carlson on the Elon Musk-owned app, X. The interview took place at about the same time the Republican Presidential Debate was anchored live on Fox News, and surprisingly it has garnered an unprecedented viewing of about 236.5 million as of the time of writing.

The massive view underscores a number of arguments that cut across politics to the role social media, especially Twitter plays in national discourse. When Elon Musk paid $44 billion for Twitter as the platform was called at the time, he emphasized his agenda to make it a hub for free and uncensored speech.

The goal appears to be achieved and besides, the success of the show highlights how much of a lead President Donald Trump is in the Republican Party race when compared to top Bitcoin favorites like Florida Governor Ron DeSantis.

While the success of his interview is the highlight of the week for the Trump camp, it remains to be seen how much of an offset the arrest will be moving forward.

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Future of Crypto Under Trump

President Trump has been somewhat less vocal about his plans for the broader digital currency ecosystem when compared to other candidates vying for the White House like Democratic Candidate Robert F. Kennedy Jr.

While this might appear as much of a concern, recent filings have shown that President Trump has a very rich portfolio of cryptocurrencies worth as much as $200,000 to $500,000 in Ethereum. Though these funds were attributed to royalties from NFTs of his image, it shows the world leader is somewhat aligned with the nascent asset class and may make decisions that may favor the industry if he wins the election.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.