You are making the assumption that Bragg will tie the fraud to federal election law.
He may tie it to NY State election law, or, more likely, he will tie it to NY State income tax violations, specifically taking the payments to Cohen as a business expense on his tax returns for the Donald J Trump Revocable Trust and/or the Trump Organization.
I’m not making an assumption. That’s exactly what he’s done.
He said federal election. That’s what Trump was running in - a federal election, not a state election. Any “crime” the payments for Stormy Daniels would have sought to hide would have to have been for the federal election.
By the way, you realize Hilary wrote off the payments to Cristopher Steele for the Russia Russia Russia hoax as a business expense, right? NY never saw fit to prosecute her for that.