- Donald Trump, former President of the United States, holds $250,000 worth of Ethereum.
- Trump and those in his inner circle are known for their inclination toward cryptocurrency.
- In 2022, Trump endorsed an NFT collection in his name, Trump Digital Trading Cards.
WatcherGuru, a platform renowned for providing information about cryptocurrencies and general finance, posted that Donald Trump, former President of the United States, holds $250,000 worth of Ethereum. This information comes amid an ongoing investigation into the former President’s financial records by the court.
Donald Trump and those in his inner circle are known for their inclination toward cryptocurrency. The ongoing investigation aims to find out the extent of the former leader’s involvement with cryptocurrencies and to understand if he breached the law through his crypto interactions.
In December 2022, Trump endorsed an NFT collection in his name, Trump Digital Trading Cards. One day after the endorsement, the NFT’s value skyrocketed, and the price reached an all-time high (ATH) of 0.84 ETH. However, the price collapsed along with the rest of the crypto market, and the Trump Digital Trading Cards value has dropped to 0.12 ETH, reflecting an 85% loss.
Trump’s wife, Melania Trump, was also involved with NFTs. She turned several well-known images from the Apollo lunar landings of the 1960s and the 1970s into NFTs and sold them for $75 apiece. The authorities at NASA frowned upon this, saying she violated its rules about using their images for things like NFTs.
NASA’s regulations for merchandising forbid “any merchandising applications involving Non-Fungible Tokens (NFTs), as they are not consistent with the categories of products the Agency is approved to merchandise. Further, as stated in the NASA Media Usage Guidelines, NASA does not wish for its images to be used in connection with NFTs.”
Trump’s ownership of Ethereum may not indicate the violation of any laws, considering the crypto token is among those approved by the regulators in the United States. Ethereum is not among those listed as securities and was not included in any of the recent lawsuits by the SEC against a couple of crypto exchanges in the country.
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