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A recent disclosure of Donald Trump's financial interests shows he owns millions of dollars worth of cryptocurrency and also receives considerable income from nft licensing fees.
Although the divulgation by transparency advocacy group CREW, did not indicate the exact amount of cryptocurrency Trump owns, the on-chain tracking platform Arkham Intelligence revealed The former president's portfolio includes ethereum (eth) worth $1.28 million and other tokens, including a Trump meme coin (MAGA), totaling about $1.8 million.
The documents filed with CREW also highlighted Trump's nft licensing revenue of approximately $7.15 million earned from a deal with a company called nft INT. Additionally, Trump's wife Melania allegedly earned $330,609 from selling nfts from the same company.
In 2019, Trump said he was not a fan of bitcoin and other cryptocurrencies because their “value is very volatile and based on thin air.” Today, his campaign is all about cryptocurrencies, making the sector a major talking point ahead of Election Day on November 5.
Recently, Trump promised that if he won the November election, he would create a national strategic bitcoin reserve for the United States.
To further push the crypto agenda, on August 7, Trump’s sons made headlines when they teased a “big announcement coming soon.” In a post on x, Donald Trump Jr. hinted that the upcoming announcement would “shake up” the crypto ecosystem, while Eric Trump expressed his deep enthusiasm for crypto and DeFi, promising significant development in that area.
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Immediately after the announcement, some analysts suggested that the development could target the real-world asset market.
However, in a subsequent interview with the New York Post on August 14, Eric Trump let it be known that the next project would focus on “digital real estate.”
Eric Trump's announcement sparked several rumors on social media, which Trump Jr. later addressed. The elder Trump brother urged the community to rely solely on updates from the company's official Telegram channel for the project, dubbed “The DeFiant Ones.”
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Trump’s campaign team has also been trying to rally the crypto community behind the former president, raising over $3 million in cryptocurrency donations to show support for the crypto community.
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