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Donald Trump Owns at Least $250,000 in Ethereum, New Disclosure Reveals

3 mins
Updated by Geraint Price
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In Brief

  • Donald Trump owns between $250,000 and $500,000 in an Ethereum wallet and earned nearly $300,000 from NFT licensing.
  • Despite his crypto aversion, the former president launched an NFT collection in 2022, whose trading volume has since surged.
  • Trump's digital currency views align with SEC chair Gary Gensler, who believes Americans don't need cryptocurrencies.
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Former US president Donald Trump owns between $250,000 and $500,000 in an Ethereum wallet. Trump, who remains neutral on central bank digital currencies (CBDCs) compared with other presidential candidates, also earned just under $300,000 from licensing fees related to his non-fungible token (NFT) collection.

The information was disclosed in a filing with the United States Office of Government Ethics, a government agency limiting conflicts of interest in the executive branch of the US government. In addition to the former president’s assets, the document lists the business interests of his wife and former first lady Melania Trump.

Trump Disclosures Follow Serious Indictment

The NFT licensing royalties relate to a collection the former president launched two years after losing to Joe Biden in the 2020 presidential elections. While Trump previously opposed cryptocurrencies for their criminal potential, sales of his NFTs skyrocketed after their 2022 launch.

What exactly are NFTs? Read our detailed guide here.

Similarly, after news of Trump’s Ethereum holdings surfaced, the collection’s 24-hour sales volume rose 18% to $2,879.

Trump NFT sales rise 18% overnight after news surfaced the former president owns between $250,000 and $500,000 in crypto.
Trump NFT Sales Volume in the Last 24 Hours | Source: CryptoSlam

In early August, a federal grand jury charged Donald Trump with an alleged conspiracy to defraud the United States, conspiracy to obstruct an official proceeding, obstruction of and attempt to hinder official processing, and a conspiracy against voting rights.

Donald Trump Opposes Crypto, But Silent on Digital Dollar

This past weekend, the former president and Republican front-runner stole attention from pro-Bitcoin (BTC) hopeful Ron DeSantis in Iowa. DeSantis and Democrat Robert F. Kennedy hope to promote Bitcoin adoption if elected.

Both oppose a CBDC which they fear erodes civil liberties. Trump, on the other hand, has said he doesn’t want any digital currency to threaten US dollar dominance.

Most Americans oppose a CBDC, a recent survey found.
Most respondents to an April YouGov survey oppose CBDC | Source: Cato Institute

During his 2016 term, Trump asked his treasury secretary to investigate China’s use of Bitcoin to avoid US sanctions. BeInCrypto recently reported the eastern superpower is exploring distancing itself from the US dollar through CBDC experiments with neighboring Asian countries.

Trump’s pro-dollar views agree with those of US Securities and Exchange Commission (SEC) chair Gary Gensler. 

Gensler said in June Americans do not need cryptocurrencies because the country already has a digital version of the dollar. Under his watch, the SEC has filed numerous civil enforcement actions against US crypto firms.

Got something to say about the revelation of Donald Trump’s crypto collection or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTokFacebook, or X (Twitter).

Top crypto platforms in the US | March 2024

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All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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David Thomas
David Thomas graduated from the University of Kwa-Zulu Natal in Durban, South Africa, with an Honors degree in electronic engineering. He worked as an engineer for eight years, developing software for industrial processes at South African automation specialist Autotronix (Pty) Ltd., mining control systems for AngloGold Ashanti, and consumer products at Inhep Digital Security, a domestic security company wholly owned by Swedish conglomerate Assa Abloy. He has experience writing software in C,...
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