Donald Trump Holds Over a Million Dollars in Ethereum
If you are curious about former President Donald Trump’s cryptocurrency holdings, you might be surprised to learn that he holds over a million dollars worth of Ethereum in his cryptocurrency wallet. According to a financial disclosure obtained by watchdog Citizens for Ethics, Trump has anywhere from $1 million to $5 million in his virtual Ethereum key stored in a hardware wallet. Additionally, Trump has earned over $7.15 million from an NFT license agreement, further diversifying his digital assets portfolio.
Trump’s Crypto Holdings
- Trump holds $3.6 million worth of cryptocurrency in his wallet, including:
- $1.29 million in Ethereum (ETH)
- $986,000 of Wrapped Ethereum (WETH)
- $372,000 worth of meme coin Trog (TROG)
Trump and NFTs
- Trump has received over $7.15 million from a license agreement with NFT INT, LLC for ‘Trump Digital Trading Cards.’
- The NFT collection features various heroic, patriotic, and fantastical scenarios depicting Trump.
- The Series 2 set of Trump’s NFTs, including artwork of Trump with a championship wrestling belt, aimed to build on the success of the first series launch.
- After a second edition release, the value of the first edition Trump NFTs plummeted due to an increased supply.
- Trump’s NFT collection on the Ethereum sidechain network Polygon saw a spike in value after an assassination attempt in July but has since experienced a 41% decrease in price.
The Crypto Election
As the 2024 U.S. presidential election approaches, Trump is positioning himself as the pro-crypto candidate. He has outlined several campaign promises related to cryptocurrencies:
- Ending the current administration’s “anti-crypto crusade”
- Targeting Securities and Exchange Commission chair Gary Gensler for removal
- Planning to build a strategic Bitcoin stockpile if elected
On the other hand, Democratic Party rival Kamala Harris has not publicly addressed cryptocurrency issues, though her campaign has engaged with industry figures. Senator Chuck Schumer has pledged to pass crypto legislation by the end of the year in support of Harris’s presidential bid.
Hot Take: Presidential Crypto Holdings
If you were curious about the crypto holdings of former President Donald Trump, you might be surprised to learn that he has a significant investment in Ethereum and NFTs. While his cryptocurrency holdings represent a fraction of his overall net worth, Trump’s foray into digital assets reflects a growing trend of public figures diversifying their portfolios into the crypto space. As the 2024 U.S. presidential election approaches, Trump’s pro-crypto stance could shape the conversation around regulatory policy and government involvement in the crypto industry.
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