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.
Trump Drops More NFTs—And Now the First Batch Is Plummeting in Price
Hoping to repeat his past success with NFTs, former President Donald Trump has launched a second collection of digital trading cards, with tens of thousands of new collectibles now available for mint. But prices for the controversial politician’s original NFT set have quickly plummeted now that the total supply has more than doubled. The second series of Trump Digital Trading Cards spans a total of 47,000 NFTs minted on Polygon, an Ethereum sidechain network, with 1,000 of the NFTs held back by...
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.
All of Trump's Crypto Promises, From Boosting Bitcoin Mining to Firing Gensler
Former President Donald Trump has pitched big plans for crypto on the campaign trail, folding several promises into his reelection bid while trying to make inroads with digital asset owners. When it comes to the nascent industry, crypto isn’t listed among 20 core goals that make up the Republican Party’s official 2024 platform—and the topic didn't come up during his interview with Elon Musk in August. Still, in a draft document released in July, crypto was mentioned alongside artificial intellig...
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.
