Former US President Trump Revealed to Hold Substantial Digital Assets Despite Past Crypto Criticism

Former US President Donald Trump, despite his past criticism of the cryptocurrency market, has been found to possess a substantial amount of digital assets within an Ethereum (ETH) wallet. This information comes from a financial disclosure report filed with the Office of Government Ethics, indicating that Trump’s cryptocurrency holdings fall in the range of $250,001 to $500,000.

Ethereum Trumps Only Holding?

Although the wallet is specified as “(Ethereum)” in the official document, it remains uncertain whether Trump’s holdings are solely in Ethereum (ETH) or include other types of assets like ERC-20 tokens or nonfungible tokens (NFTs).

Previously Against Crypto

Interestingly, Trump’s history is marked by his unfriendly stance towards the crypto markets. Back in May 2018, during his tenure as US president, he reportedly instructed then Treasury Secretary Steven Mnuchin to take action against Bitcoin, citing concerns of fraud. Shortly thereafter, Mnuchin emphasized the Treasury Department’s commitment to imposing robust regulations on cryptocurrencies to prevent their misuse.

However, in a turn of events three years later, Trump claimed in an interview that he did not possess any cryptocurrencies at all. He expressed scepticism about digital assets, labelling them as potentially uncertain and unfamiliar.

Trump Has Form In NFTs

In December 2022, Trump surprised many by releasing a series of NFTs on the OpenSea platform, which is built on Ethereum. This move came shortly after his official announcement of his intention to run for the 2024 presidential election.

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