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A recent financial disclosure has indicated that former United States President Donald Trump possesses more than $2.8 million in an Ethereum wallet.
The documents released on Aug. 14 by the non-profit organization Citizens for Responsibility and Ethics in Washington reveal that Trump earned over $4.8 million from licensing fees associated with nonfungible token (NFT) collections featuring his likeness — with Trump accumulating approximately $7.6 million from his cryptocurrency-related activities.
The $2.8 million in Trump’s Ethereum wallet significantly exceeds the $250,000 to $500,000 range mentioned in Trump’s filing on April 14.
You might've missed this amid the Georgia indictment news, but we obtained new financial documents related to Trump. Check them out here: https://t.co/oAHGihGNAO
— Citizens for Ethics (@CREWcrew) August 15, 2023
Trump is seeking to reclaim the presidency in the upcoming 2024 election after his defeat to current President Joe Biden in 2020.
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Trump’s most recent financial report is overshadowed by the announcement of his indictment in Georgia on Aug. 14, where he faces allegations of conspiring with his supporters to disrupt the 2020 presidential election.
Related: Republican candidate aims to terminate President Biden’s war on Bitcoin if elected
The billionaire real estate mogul has expressed doubts about cryptocurrencies in the past, suggesting that they “may be fake” and represent a “disaster waiting to happen.”
He has also criticized Bitcoin (BTC) specifically, claiming it “seems like a scam” and expressing discontent because it “is another currency competing against the dollar.”
I am not a supporter of Bitcoin and other cryptocurrencies, which are not money, and whose value is extremely volatile and based on thin air. Unregulated crypto assets can enable illegal activities, including drug trafficking and other unlawful conduct….
— Donald J. Trump (@realDonaldTrump) July 12, 2019
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