- OGE released a report disclosing former President Donald Trump’s finances.
- According to it, the politician keeps up to $500,000 in an Ethereum wallet.
- The media suspects it’s income from the sale of tokens from two NFT collections.
The former U.S. President Donald Trump keeps between $250,000 and $500,000 on an Ethereum wallet. This is revealed in a report on the politician’s finances released by the Office of Government Ethics (OGE).
The key note is on the penultimate page of the document:
The report doesn’t say what kind of wallet it is. However, he may be linked to some of the former president’s projects, Forbes reported.
Trump and the NFT
The politician released his first collection of non-mutualizable tokens in mid-December 2022. The initiative has faced criticism due to poor image quality, incorrect retouching, inflated cost and distribution scheme.
Despite this, the project has enjoyed popularity. In April 2023, there was another surge in demand amid a lawsuit over the disclosure of classified documents.
The politician ended up releasing a second collection that month. And in June, wife Melania Trump joined him with her project The 1776 Collection.
Forbes believes the wallet listed in the declaration holds the former president’s proceeds from the sale of the collection. According to an April OGE report, the project brought the politician up to $1 million.
The former president and cryptocurrency
Donald Trump has repeatedly criticized digital assets. In January 2022, his family even sued the creators of the TrumpCoin project.
Before that, in December 2021, he publicly stated that cryptocurrency was a “scam that requires heavy regulation.”
The politician attributed the launch of his first NFT collection to the fact that he simply “liked the pictures.”
In contrast, Florida governor and presidential candidate Ron Desantis has a more loyal attitude toward cryptocurrency. He even accused current Gov. Joe Biden of trying to wage a “war” against bitcoin.
He even accused current Gov. Joe Biden of trying to wage a “war” against bitcoin.