Recent financial disclosure documents submitted to the Office of Government Ethics show that former President Donald Trump owns over $2.8 million in cryptocurrency, primarily held in an Ethereum wallet. This revelation comes after initial reports revealed he held around half a million dollars in Ethereum. The new disclosure also highlights Trump’s earnings of nearly $4.9 million from licensing fees tied to non-fungible tokens (NFTs) associated with his 2024 presidential campaign.
Crypto ‘Whale’ Status
With his crypto holdings surpassing $5 million, Trump enters the category of a crypto ‘whale,’ signifying ownership of a substantial amount of a particular token. This is an ironic twist for someone who previously criticized cryptocurrency, labeling it a “scam” and a “very dangerous thing.”
Contradictory Stance and Republican Landscape
Trump’s skepticism stands in contrast to the pro-crypto sentiment of his fellow Republicans, who have introduced favorable legislation in Congress. The discord extends to his GOP rivals in the 2024 primary, including Florida Governor Ron DeSantis, who have embraced pro-crypto positions.