As for the politics, I don’t know. My guess is it won’t make much difference. Even if he’s given prison time, he’ll appeal and I can’t see him having to run his campaign from prison.
In the larger American domestic context, I think this may presage an era of lawfare. One of the norms of American politics is that elites, unless they betray other elites, are immune to prosecution for a wide variety of crimes which would ruin an ordinary person. Democrats, of course, consider Trump, thru the Jan 7 riot/coup attempt, to have betrayed, but many Republicans don’t see it that way and the likely response will be to use their prosecutors in Red states to go after Trump, just as Democrats used prosecution in a blue state.
This will go until one side wins and other submits, or until both get sick of it and decide to go back to old norms or create new ones.