Former US senator Menendez gets 11 years for bribery after criticizing El Salvador’s Bitcoin move, calling it a corruption tool.
El Salvador’s President Nayib Bukele threw some shade at former US senator Robert Menendez after he was sentenced to 11 years in prison for bribery charges. Menendez, who once criticized El Salvador’s move to adopt Bitcoin, calling it a potential “door to corruption,” was hit with the hefty sentence after a court found him guilty of taking bribes to help businessmen with ties to Egypt and Qatar.
The case against Menendez got pretty wild, with federal prosecutors uncovering gold bars and hundreds of thousands in cash hidden in his home—$100,000 in gold and $480,000 in cash, to be exact. The 70-year-old Democrat, known for his anti-crypto stance, was vocal about his opposition to Bitcoin, even calling it a tool for criminals. He had also campaigned against El Salvador’s decision to make Bitcoin a legal tender, fearing it would fuel corruption and money laundering.
Now, Menendez is planning to appeal the sentence, but his history with crypto and his legal troubles make him look like a hypocrite to some. Meanwhile, Bukele and his supporters see it as a win for the crypto movement and a lesson in how Bitcoin is not the corrupt force Menendez once claimed it was.
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