News

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.