Former President Reveals Ethereum Holdings Valued in Millions
Former US President and current presidential candidate, Donald Trump, has revealed holdings of Ethereum worth between $1 million and $5 million in a recent financial disclosure obtained by Citizens for Ethics. The cryptocurrency is securely stored in a hardware wallet, as per the disclosure.
Additionally, the report from Citizens for Ethics sheds light on Trump’s financial gains from Non-Fungible Tokens (NFTs). Through a licensing agreement with NFT INT, LLC, Trump has earned over $7.15 million. This agreement pertains to the creation of “Trump Digital Trading Cards,” NFTs that portray Trump in various heroic and fantastical scenarios. Initially launched in December 2022 and April 2023, these NFTs offered perks such as potential meet-and-greets.
Estimates by Arkham Intelligence suggest that Trump’s cryptocurrency holdings total $3.6 million. This includes $1.29 million in Ethereum, $986,000 in Wrapped Ethereum, and $372,000 in Trog, a meme coin featuring a frog wearing a MAGA hat. In June, Arkham reported that Trump’s public wallet contained over $20 million worth of cryptocurrencies after receiving half the supply of TROG through an airdrop. Despite these substantial crypto assets, Trump’s overall net worth, as valued by Forbes, stands at $7.5 billion, rendering his crypto holdings a mere 0.067% of his total wealth.
Looking ahead to the 2024 US presidential election, Trump has positioned himself as a candidate supportive of cryptocurrencies. His campaign pledges include discontinuing the current administration’s perceived “anti-crypto crusade,” removing SEC Chair Gary Gensler from his position, and establishing a strategic Bitcoin reserve.
Although cryptocurrency is not a central focus of the Republican Party’s 2024 platform, Trump remains a vocal advocate for the digital asset industry. In contrast, his Democratic opponent, Kamala Harris, has not made any public statements regarding cryptocurrencies. Recent data from Polymarket indicates a significant decline in Harris’ odds of winning the presidential race, with Trump now trailing her by just 2%.
As the political landscape evolves, Trump’s embrace of cryptocurrencies sets him apart in the upcoming election, promising potential shifts in regulatory approaches and attitudes toward digital assets.
