A new filing from governmental ethics watchdog Citizens for Responsibility and Ethics in Washington (CREW) has revealed that Donald Trump, the former president and leading Republican candidate for next year’s election, holds much more in cryptocurrency than was first publicly known. According to the documents received by CREW on Monday, Trump held $2.8 million in a cryptocurrency wallet as of early August, and earned $4.87 million in licensing fees from his non-fungible token (NFT) collection. This is significantly higher than the up to $500,000 in digital assets that Trump had disclosed in a government document dated April 14.
Trump’s NFT project, called Trump Digital Collectible Cards, has been a success, with both collections selling out. The news of Trump’s crypto holdings comes at a time when cryptocurrencies are increasingly part of the political agenda in the U.S. as candidates are gearing up for the 2024 presidential election.
Blockchain research firm Arkham Intelligence has identified what appears to be Trump’s crypto wallet, tweeting Wednesday that the former president is the likely owner of the 0x94845333028B1204Fbe14E1278Fd4Adde46B22ce address on the Ethereum blockchain with a total $2.8 million stash in ETH. Trump also holds minor amounts in wETH, MATIC and USDC stablecoin, per Arkham’s profile.
Crypto address holdings and transactions are publicly accessible thanks to the transparency of blockchains, allowing to track movements in real-time. Journalists reached out to Trump’s office for comment on his digital asset holdings and did not immediately receive a response.