Cryptocurrency investors Bitcoin (BTC) 
$87,585 He’s happy the price is over $90,000 and he’s aiming for $100,000. DOGE price has been rising in double digits for days and many altcoins have surpassed their annual peaks. But there is a problem.
Cryptocurrencies May Fall
Trump/Pump cryptocurrency It brings the bull days to the markets that we are accustomed to. But this may not last long. Currently, the last thing cryptocurrency investors want is for Trump’s victory to be subject to an investigation. Remember the allegations and trials of Russian interference in the previous elections. It was claimed that Cambridge Analytica company carried out social engineering in favor of Trump during the 2016 elections, tagged voters, played with their perceptions with special advertisements, etc.
Today’s last-minute allegations are that, according to a report by the New York Post based on an anonymous source, the Federal Bureau of Investigation polymarket It is reported that it is investigating its CEO, Shayne Coplan. Anonymous sources claim that Coplan’s phone and electronic equipment were seized. It is not known what the law enforcement officers who came during the morning raid did after seizing the devices and why they did this. And of course, it is unclear whether NYP has confirmed such a serious claim from accurate sources.
Polymarket users in the US presidential election on November 5 Donald TrumpHe predicted that he would win. Although this seems to be more related to cryptocurrency investors’ desire for Trump to be elected, it is confusing that claims such as wash trading are made days before the elections. It wouldn’t be surprising if the FBI claimed that some Russian businessmen invested millions of dollars into prediction platforms for “perception” purposes for Trump’s win.
DOGE The fact that its price has weakened faster than BTC shows that some investors are taking precautions by thinking a few steps ahead. Of course, these claims may turn out to be false, and no matter how Trump wins, this will probably not prevent him from taking the seat. Maybe he could be prevented from sitting in office for the first time in history? We cannot see the future, and although the percentages of the possibilities may be different, they are all there.
Impeachment proceedings were launched against Trump twice in 2019, for allegedly abusing his authority in his relations with Ukraine, and in connection with the Congressional Raid in 2021, but he was not removed from office because the quorum in the Senate was not reached. In the impeachment process, at least two-thirds of 100 senators (67 senators) must find him guilty, which is a very high threshold.
Republicans hold 53 seats in the Senate and are in the majority following recent elections.
II of the Constitution According to section 4 of the article, the president can be removed from office in case of “treason, bribery or other high crimes and misdemeanors.” In the most extreme scenario, even if Polymarket is found to have influenced the elections, it seems difficult to remove Trump from office. Moreover, the defeat of the CFTC in the lawsuits it filed claiming that crypto prediction markets could influence the elections is also important. However, even rumors may negatively affect cryptocurrencies in the short/medium term in this bullish environment.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
