A new financial statement was shared by Citizens for Responsibility and Ethics in Washington (CREW), a nonprofit watchdog organization on August 14, 2023. The statement discloses that Trump holds between $250,000 to $500,000 in the Ethereum wallet. Let’s take a deep dive into the statement and reaction of Donald Trump over the same.
The Statement of CREW
The recent statement of CREW disclosed that Donald Trump held around $250,000 to $500,000 in the Ethereum wallet. According to the report, US former president Donald Trump owns around $2.8 Million in the wallet. The disclosed figure is larger than the figure disclosed in the April 14 filing. The amount is made from licensing fees tied to NFT collections using Trump NFTs that hiked the netting of Trump to $7.6 Million from the crypto-connected ventures.
Trump Digital Trading Cards is a collection of 45K unique items created in December 2022, running over a polygon chain. The collection includes different characters of Donald Trump including Astronaut Trump, Cowboy Trump, Superhero Trump, Business Trump, etc. The total volume of the NFT at current is 14,302 ETH with a floor price of 0.1 ETH, holding around 13,960 owners. In the past seven days, the NFT collection has experienced a hike in terms of sales and volume, showing enhanced popularity of the collection in the NFT landscape. Focusing on the financial statement, Donald’s latest financial report reveals that Donald Trump and his 18 co-supporters are involved in a conspiracy with the 2020 presidential election.
As per the news, the intention was to copy data and software from the election system and include Trump and his co-supporters. Simply, it was a conspiracy to change the outcome of the election in favor of Trump in an unlawful manner.
View of Donal Trump on the Statement
Donald Trump in response bid to return to the White House in the 2024 election following his loss to Joe Biden in 2020. Donald Trump is not very interested in cryptocurrencies based on past statements. “I am not a big fan of digital assets or Bitcoin, cryptocurrency is not money and is highly volatile”, Trump stated on July 12, 2019. “The currency may be fake, leading to a disaster waiting to happen”, he added.
As per the perspective of Donald Trump, the currency is competing against the dollar and has a chance to affect the US economy. It can be said that Donald Trump emerged as a Whale despite his past statements about cryptocurrencies. The take-off in sales in the months following the release date played a crucial role in booming Donald’s position in the crypto landscape.
Conclusion
A statement issued by CREW on August 14 disclosed that Donald holds around $2.8 Million in his Ethereum wallet. From the date of introduction, Trump NFTs reached unbelievable heights, making Donald a whale in the crypto landscape. Also, Trump bid to return to the White House in the 2024 election following his loss to Joe Biden in 2020.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/08/27/news-us-former-president-trump-holds-2-8m-in-ethereum-wallet/