Staunch crypto skeptic and disgraced former U.S. Senator Bob Menendez was sentenced to 11 years in jail on Wednesday on prices of bribery and appearing as an agent for Egypt, the Related Press reported.
Menendez was a Democrat from New Jersey and well-known for taking photographs at crypto. He as soon as referred to as bitcoin (BTC) an “excellent selection for criminals” and in addition opposed El Salvador’s acceptance of BTC.
“You have been profitable, highly effective, you stood on the apex of our political system,” District Choose Sidney H. Stein informed Menendez, in keeping with AP.
”Someplace alongside the best way, and I don’t know when it was, you misplaced your means and dealing for the general public good grew to become working on your good.” Stein added.
El Salvador President Nayib Bukele took to X and commented on Menendez’s sentencing.
“This senator was the good reference of the opposition (entrance pages, experiences, and so on.) when he accused El Salvador of utilizing Bitcoin for cash laundering and corruption,” Bukele stated.
“The thief judges by his situation,” he added.
Menendez took bribes within the type of gold and money and used his political connections to behave as an agent for Egypt, in keeping with the report.
The previous senator was convicted on bribery prices final 12 months, as CoinDesk reported.
UPDATE (Jan. 30, 13:16 UTC): Provides Bukele’s touch upon the sentencing.