New Documents Show Trump Owns More Crypto Than Initially Known

Recent revelations show that Donald Trump owns far more cryptocurrencies than initially ⁤thought.

Citizens for Responsibility⁢ and Ethics in Washington, a state ⁤ethics‌ watchdog, on Monday received official documents from the former president and Republican front-runner for next year’s election. The wallet contained $2.8 million in early August.

⁢According to the‌ documents, he also received $4.87 in royalties for his collection of non-fungible tokens.

The new findings show that Trump has ⁢even more⁢ crypto assets than his⁣ previous disclosures. It was reported ⁢this week that Trump disclosed ⁤holdings​ of up to $500,000. This emerges from a government document dated April 14.

Trump, who was a crypto ⁤skeptic during his presidency, unveiled a ⁣project of non-fungible (NFT) tokens called Trump Digital Collectible Cards ⁣last year ⁣that featured images of him. In April he released a new series of collectibles. Both collections were sold out.

News of this nature comes as cryptocurrencies continue to gain prominence in American politics, particularly among candidates preparing for the 2024 presidential election. Robert F. Kennedy Jr. confirmed⁤ that he owns Bitcoin‍ (BTC) and said that if ⁤elected, he would use BTC to ‌support the US dollar. Robert DeSantis is a Republican presidential candidate and governor of Florida who is trailing Trump in early polls. As president, he has promised to ban digital currencies from central banks.

Is that Trump’s wallet or not?

Arkham Intelligence, a blockchain research firm, said ⁢it appears to have found Trump’s crypto wallet following ⁤the recent revelations.

Arkham tweeted Wednesday that the former president is the likely​ owner ​of the 0x94845333028B1204Fbe14E1278Fd4Adde46B22ce address on the Ethereum ‌blockchain with a total supply of $2.8 million in ETH.⁢ Arkham’s profile ⁤shows that Trump owns small amounts of wETH and MATIC stablecoins, as ⁢well​ as USDC.

Blockchains are transparent and allow the stock of crypto addresses and their transactions to be viewed in real ‌time.