By The Daily Hodl - 8 months ago - Reading Time: 2 minutes
Anti-Crypto Donald Trump Holds Between $250,000 and $500,000 Worth of Digital Assets in an Ethereum (ETH) Wallet
Former US president Donald Trump, a vocal critic of the crypto market, holds six figures’ worth of digital assets in an Ethereum (ETH) wallet.
According to a financial disclosure filing with the Office of Government Ethics, Trump owns a cryptocurrency wallet with holdings valued somewhere between $250,001 and $500,000.
The wallet is labeled on the document as “(Ethereum),” though it remains unclear if his holdings are in ETH, other ERC-20 tokens and/or other digital assets like nonfungible tokens (NFTs).
The former president is known for his hostile stance toward the crypto markets.
In May 2018, while serving as US president, Trump reportedly directed then Treasury Secretary Steven Mnuchin to “go after Bitcoin [for fraud].” Days after Trump issued the order, Mnuchin was quoted as saying that the Treasury Department will enforce “very, very strong” regulations on cryptocurrencies to ensure they’re not used for illicit purposes.
Three years later, Trump said in an interview that he owned zero cryptocurrencies, noting that digital assets were “a disaster waiting to happen.”
“They may be fake. Who knows what they are, but they certainly are something that people don’t know very much about.”
In December of 2022, Trump launched a collection of NFTs on the Ethereum-based platform OpenSea, weeks after formally announcing his intention to run for the 2024 presidential election.
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