Not a fan of cryptocurrencies, Donald Trump? The former President of the United States seems to have reconsidered. A recent resource statement indicates that he holds between $250,000 and $500,000 in cryptocurrencies, on an Ethereum (ETH) wallet. Where do they come from?
Donald Trump’s cryptocurrencies declared
Donald Trump has had to declare his assets to the US government’s ethics department, an obligatory step for government employees. Among his (many) assets is an unexpected new line: the former US president owns between $250,000 and $500,000 in cryptocurrencies. The wording is not entirely clear – we know it’s an Ethereum portfolio, but we don’t know if it’s all Ether (ETH) :
“A cryptocurrency wallet (Ethereum) “
The wallet appears to be linked to a recent collection of non-fungible tokens (NFTs) offered by Donald Trump. Last December, the former president shared a series of tokens bearing his likeness, showing him in various activities and depicting typically American figures:
Donald Trump’s collection of NFTs
Two sets have been released, with the latest offering each “card” for $99. And it would appear that the sale has been quite successful, if the substantial sum in cryptocurrencies declared by Donald Trump is anything to go by.
Donald Trump reverses his position on cryptos?
Historically, however, Donald Trump has not shown great support for the cryptocurrency sector – on the contrary. When he was in office, he considered it a “potential disaster waiting to happen”, and did not show much expertise in the sector:
“Who knows what they really are, but it’s certainly something people don’t know much about. “
In any case, the former President of the United States now seems to know enough to raise a substantial sum on an Ethereum wallet. And he wouldn’t be the only one within his party? In recent months, the Republicans seem to have made crypto-currencies a campaign issue, presenting them as a symbol of financial freedom.
The Democrats, for their part, are embarrassed by the Bankman-Fried family’s links with the party, and so tend to display hostility, which is particularly evident at the SEC. The US presidential campaign, in which Donald Trump is taking part, is likely to bring out debates on the subject.
