Welcome. This is HODL FM, the crypto publication that’s as smooth as Michael Jackson’s moonwalk dance.

"Only call the kettle black if you aren’t a pot" must be what's echoing in the mind of one Bob Menendez, a U.S Senator from New Jersey, who was found guilty of taking bribes only months after heavily criticizing Bitcoin as the ideal choice for criminals. 

Related: Crypto Enthusiast J.D. Vance Selected as Trump's VP Nominee

After being convicted by a federal court in Manhattan on July 16, the cryptocurrency community has been having a good time alluding the incident as America’s best example of irony.

hodl-post-image
Source: Tenor

Menendez was one of the sponsors for the “Accountability for Cryptocurrency in El Salvador (ACES) Act” which proposed the state department to ensure mitigation of all risks that could face the U.S financial system if El Salvador adopted Bitcoin as legal tender.

Bob Menendez Was Chairman of the Senate Foreign Relations Committee

While hiding bars of ill-acquired gold, El Salvador’s president Nayib Bukele was building the world’s most transparent government wrote Stacy Herbet, a member of El Salvador’s National Bitcoin Office. Herbert insisted that the malign actor that is Bob Menendez and his allies at the Senate Foreign Relations Committee should apologize to President Bukele.

In defense of his conviction,Menedex told press officials outside the courthouse that he had never been anything else than a staunch patriot of his country. He denied the accusations of being a foreign agent. The senator is the first sitting Congress member to get  charged with acting as a foreign agent.

hodl-post-image
Source: Tenor

Menendez Days of Selling His Office To The Highest Bidder are Over

A statement by U.S Attorney Damian Williams read Menendez’s days of selling his office to the highest bidder had eventually met its end. According to Williams, the senator’s office was not politics as usual but politics for profit.

Menendez became a congressperson in 1993, and joined the Senate in 2006. Till now, the Senator has denied the allegations and turned down requests for resignation regardless of several calls from other members of congress, as well as senior colleagues like the Chuck Summer, the majority leader for Senate.

Crypto Community Strongly Backing Their Proponents in U.S Elections

Elsewhere, the cryptocurrency community is celebrating Attorney John Deaton’s valiant campaign against incumbent Democrat U.S Senator Elizabeth Warren. 

Deaton is well-known for representing Ripple Labs in its case against the Securities and Exchanges Commission (SEC). In the race, Deaton is challenging to unseat Warren, and guess what! The attorney has backing from Ripple Labs which has already donated $1 million to Deaton’s campaign in the race for the Massachussets Republican Senatorial primary which will take place on November 5. 

More on Politics: Javier Milei: New Political and Crypto Era in Argentina

There are more prominent figures in the cryptocurrency space who are backing John Deaton’s election campaign including  Winklevoss  twins, Tyler and Cameron (Gemini Exchange), Skybridge Capital founder Anthony Scaramuchi, Cardano’s Charles Hoskinson and Kraken’s Jesse Powell.

Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.