Former president Donald Trump holds over a million dollars worth of Ethereum, according to a financial disclosure obtained by watchdog Citizens for Ethics.
Per his disclosure, the Republican presidential nominee holds anywhere from $1 million to $5 million in his “cryptocurrency wallet virtual ethereum key,” in a hardware wallet.
Trump has also brought in over $7.15 million from an NFT license agreement.
According to Arkham Intelligence, Trump holds $3.6 million worth of cryptocurrency in his wallet. This includes $1.29 million worth of Ethereum (ETH), $986,000 of Wrapped Ethereum (WETH), and $372,000 worth of little known meme coin Trog (TROG) which displays a frog wearing a MAGA hat.
I's worth noting that, according to Forbes, Trump is worth $7.5 billion. This means that even if he holds a possible $5 million worth of cryptocurrencies, it would represent just 0.067% of his net worth.
Trump and NFTs
The Citizens for Ethics filing also reveals that Trump has received over $7.15 million from a license agreement with NFT INT, LLC. This is the result of the two series of ‘Trump Digital Trading Cards,’ created by the named company.
This collection of NFTs has had mixed results since releasing in December 2022 and April 2023. Each card depicts Trump in one of a variety of heroic, patriotic, or fantastical scenarios. At the time of their release, the first edition promised a number of perks, including a potential meet-and-greet with Trump.
The Series 2 set, whose NFT artwork includes Trump carrying a championship pro wrestling belt, attempted to build on the success of the first series launch. In April last year, the first edition of Trump's NFTs quickly plummeted after a second edition release more than doubled the collection's supply.
Following July's assassination attempt on Trump, the collection on Ethereum sidechain network Polygon spiked to 933 MATIC ($379) but has since fallen 41% to 546 MATIC ($221), according to Magic Eden.
The crypto election
Trump has attempted to position himself as the pro-crypto candidate coming into the 2024 U.S. presidential election.
His campaign promises include ending the so-called "anti-crypto crusade" of the current administration, firing Securities and Exchange Commission chair Gary Gensler—though the president lacks the authority to do so without cause—and building a strategic Bitcoin stockpile.
His Democratic Party rival Kamala Harris has so far made no public comment regarding cryptocurrency, though her campaign has reportedly reached out to figures in the industry. During a virtual town hall in support of her presidential bid, Sen. Chuck Schumer (D-NY) vowed to pass crypto legislation by the end of the year.