Former US president Donald Trump owns between $250,000 and $500,000 in an Ethereum wallet. Trump, who remains neutral on central bank digital currencies (CBDCs) compared with other presidential candidates, also earned just under $300,000 from licensing fees related to his non-fungible token (NFT) collection.
The information was disclosed in a filing with the United States Office of Government Ethics, a government agency limiting conflicts of interest in the executive branch of the US government. In addition to the former president’s assets, the document lists the business interests of his wife and former first lady Melania Trump.
Trump Disclosures Follow Serious Indictment
The NFT licensing royalties relate to a collection the former president launched two years after losing to Joe Biden in the 2020 presidential elections. While Trump previously opposed cryptocurrencies for their criminal potential, sales of his NFTs skyrocketed after their 2022 launch.
What exactly are NFTs? Read our detailed guide here.
Similarly, after news of Trump’s Ethereum holdings surfaced, the collection’s 24-hour sales volume rose 18% to $2,879.
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Author: David Thomas
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