Politicians don't represent cryptocurrencies. It's just a currency or an asset that people invest in. The corruption charge against a crypto-friendly politician wouldn't tarnish the reputation of Bitcoin. A politician's bad reputation will not tarnish the image of Bitcoin.
If politicians truly had no impact on Bitcoin, then why did BTC rally ahead of Trump’s election? Or crash after China banned crypto? Even South Korea, at one point, accounted for 25% of global BTC spot trading — until their president cracked down on ICOs and forced users to link accounts with local banks. That political decision tanked local activity fast.
And let’s talk about reputational influence. El Salvador’s Bitcoin rollout flopped largely because the Bukele brothers overpromised “free BTC” and people lost trust. Same goes for Trump’s and Milei’s memecoins — the hype died fast once political baggage caught up with them.
If crypto becomes too entangled with controversial political figures, it could easily backfire. For example, crypto laws in the U.S. could collapse due to Trump’s family being too deep in the space. And if the Democrats win power? You can bet they'll see crypto as a juicy new tax base to patch up the U.S. debt hole.