According to fresh financial disclosures dated August 9, Donald Trump holds up to $5 million in Ethereum (ETH). Citizens for Responsibility and Ethics in Washington (CREW), an organisation aimed at overseeing the ethics and accountability of the US government, noticed that on August 14. In this article, we have collected the most interesting facts about Trump’s crypto involvement.
Origins of the info
CREW simply extracted and analysed data from Trump’s financial report. On the screenshot below, an Ethereum wallet address is indicated, with a balance between $1 million and $5 million. Further details include a reported overall income of $2.8 million and an additional payment of $4.8 million from NFT INT LLC, the company behind Donald Trump's two NFT collections. This represents earnings from NFT sales and royalties.
Royalties are a percentage of each NFT resale that goes to the collection’s author. Before the NFT is issued, the author can customise a specific amount as he or she sees fit.
Trump and crypto ambiguous relationships
Despite the tendency among politicians running for the US presidency to share a pro-crypto agenda, Donald Trump is not a big lover of cryptocurrencies. Back in 2019, he tweeted that Bitcoin's value is "based on air".
Scepticism towards cryptocurrencies did not stop the politician from capitalising on the crypto hype. Thus, he launched two NFT collections, named "Trump Digital Trading Cards", dedicated to his persona. These collections are traded on OpenSea: here is the first collection and here is the second one. However, so far, they have garnered not much interest.
Trump’s wallet address
The Arkham platform, renowned for its specialisation in de-anonymizing and analysing blockchain activities of famous people and companies, published the address of the wallet associated with the Ethereum holdings mentioned in the report. You can study the address on Etherscan in more detail.
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