As Donald Trump prepares to return for a second term as president of the United States, his path back to the Oval Office has been overshadowed by a major legal setback.

US Supreme Court on Thursday to reject State of emergency for President-elect Donald Trump attractiveness To halt his criminal sentencing in New York, and allow the hearing to take place as scheduled on Friday.

The ruling comes 10 days before Trump's inauguration. Over the past weeks, he has been preparing for a fulfillment regarding cryptocurrencies Promises Which include easing digital asset regulations and promoting blockchain innovations during his tenure.

In a 5-4 ruling, the court's majority — including Chief Justice John Roberts and Justices Sonia Sotomayor, Elena Kagan, Amy Coney Barrett, and Ketanji Brown Jackson — held that the burdens imposed by the ruling were "relatively insubstantial."

The ruling follows Trump's conviction in May 2024 of 34 felony counts of falsifying business records to hide secret money payments during his 2016 campaign.

The hearing will be conducted virtually and will result in "unconditional release," meaning Trump will avoid prison time.

“The alleged violations of evidence in the trial of President-elect Trump may be addressed in state court in the ordinary course of appeal,” the court wrote.

The dissenting justices — Clarence Thomas, Samuel Alito, Neil Gorsuch, and Brett Kavanaugh — offered no explanation for their dissent.

Prosecutors said the payments to porn star Stormy Daniels were intended to quell damaging allegations in the run-up to the election.

Trump has repeatedly denied these accusations, calling the case a politically motivated "witch hunt."

“This is nothing more than using our judicial system as a weapon against a political opponent,” Trump wrote on his Truth Social platform, describing the charges as “false” and “fabricated.”

President-elect Express He expressed gratitude for the Supreme Court's efforts while attacking the judge as "very political and corrupt."

“We will appeal anyway, just psychologically, because frankly, it is a disgrace,” he said during a press conference at his home in Mar-a-Lago on Thursday. New York Times a report.

Trump's cryptocurrency plans

Trump placed Ambitious plans for the cryptocurrency industry as part of his re-election campaign.

His proposals include establishing a national project Bitcoin Reserve, supporting domestic cryptocurrency mining and opposing the US central bank digital currency.

Trump last month Announce Paul Atkins, the former SEC commissioner known for his pro-crypto stance, has been chosen to lead the US Securities and Exchange Commission.

Atkins is set to replace outgoing SEC Chairman Gary Gensler, who has faced criticism from the cryptocurrency industry for his aggressive enforcement actions and will resign upon Trump's inauguration.

Trump praised Atkins as a "proven leader of common-sense regulation" and an advocate for innovation in financial markets.

These efforts have gained Trump widespread support from cryptocurrency supporters, who have repeated it time and time again accused Previous administration of the “regulation by enforcement” approach.