New financial document shows that President Trump is an Ethereum whale

2023-8-16 12:36

New financial documents show that former U.S. President Donald Trump is an Ethereum (ETH) whale holding $2.8 million worth of the digital asset in a cryptocurrency wallet.

The new documents were obtained by Citizens for Responsibility and Ethics in Washington (CREW) and supersedes a previous filing from April that showed that the former President held between $250,001 and $500,000 in an Ethereum wallet. The CREW’s documents were filed this month.

The document did not provide additional information on other contents in the wallets.

However, the holding indicates a clear departure from Trump’s former anti-crypto posture. In the past, the former President said Bitcoin (BTC) and other cryptocurrencies were “based on thin air” and their value was “highly volatile.” He added:

“Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.”

President Trump earned $4.6M from NFTs

According to the records, President Trump’s involvement in the non-fungible token sphere yielded considerable earnings, amounting to $4.86 million.

This income stemmed from an NFT licensing agreement between his company, CIC Digital LLC, and NFT INT LLC. President Trump has been listed as his company’s manager, President, secretary, and treasurer since 2022.

Through this licensing, the NFT company used his “name, likeness, and image” to release two NFT collections that garnered broad attention from the crypto community. Last year, the first batch of the collection was launched to much hype and interest from his supporters. A “series 2” was launched in April.

Meanwhile, the NFT collections have always seen their value impacted by the media coverage surrounding Trump. Data from Coingecko shows that while the value of the first collection has doubled to $188 as of press time, the second collection’s value is trading far below its mint value of $99.

The NFT collections are not owned, managed, or controlled by Trump, his company, or their affiliates. The website further stated that the NFTs “are not political and have nothing to do with any political campaign.”

The post New financial document shows that President Trump is an Ethereum whale appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020147 (-100%)

president new whale ethereum financial trump former

Источник: cryptoslate.com

president new → Результатов: 126


Former FTX US Big Boss’ New Company Supported By Anthony Scaramucci

The founder of Skybridge Capital, Anthony Scaramucci, has reportedly supported Brett Harrison, former president of FTX US crypto trading platform, in a new crypto company project. Scaramucci will be supporting the said company with his own personal money, in an undisclosed amount in an email sent to various news outlets, according to Financial Express. Related […]

2023-1-16 17:23


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto enters the American Presidential Election cycle

For the first time, Bitcoin and crypto is set to take center stage in an American Presidential Election cycle. President Trump is positioning himself as the first major party nominee to actively court Bitcoin and crypto holders.

Trump NFTs sales volume skyrocket by 3,700% following mug shot release

Former U. S. President Donald Trump’s NFT collections trading volume spiked by more than 3700% following his surrender to authorities in Georgia on Aug. 24. According to Coingecko data, the former President’s collection Series 1 and 2 trading volume jumped by roughly 300% and 3,750% in the last 24 hours to 18.

President Trump NFTs floor price crashed 58% after ‘Series 2’ launch

Former U.S. President Donald Trump’s NFTs floor price declined 58% to 0.183 ETH — roughly $382 — in the last 24 hours after he announced a second collection on April 18. According to CryptoSlam data, the first collection was involved in 1,210 sales transactions, and its trading volume surged 889% to $379,819 in the last […] The post President Trump NFTs floor price crashed 58% after ‘Series 2’ launch appeared first on CryptoSlate.

Trump NFT sales volume soars 461% following indictment

Former United States President Donald Trump’s NFT collection sales volume rose 461% to $185,783 in the last 24 hours despite a grand jury indictment of March 30. The post Trump NFT sales volume soars 461% following indictment appeared first on CryptoSlate.

1 Year until the Bitcoin halving – BitTalk #12

In this week’s episode of BitTalk, your weekly bite-sized Bitcoin news, we look at CFTC coming after Binance, the potential for Bitcoin ETFs, rate hikes, and Bitcoin development on Lightning.