Donald Trump is set to become the first U.S. President openly supportive of cryptocurrency, signaling a stark departure from his earlier critical stance. Adding another historic first, Trump will also hold cryptocurrency while serving in office. Currently, his portfolio amounts to $5.43 million, with a significant portion of its value tied to ethereum (ETH).
As of Nov. 25, according to Arkham Intelligence, Trump’s holdings include $1.7 million in ether and $1.65 million in wrapped ether (WETH). Additionally, he possesses 579,289.81 TRUMP tokens—a political finance (politifi) meme coin airdropped to him—valued at around $1 million based on today’s rates.
Trump’s crypto cache on Nov. 25, 2024.
Trump also holds 210.345 billion TROG tokens, currently valued at $403,860. Although his crypto assets retain considerable value, they were worth over $14 million back in June. During that period, Trump’s TRUMP tokens alone had a valuation of $9.89 million, as noted by Bitcoin.com News reporter Kevin Helms.
His ethereum holdings were also more valuable earlier this year, with ETH trading at $3,813 on June 1, compared to its current price of $3,475 on Nov. 25. In the summer, Trump’s portfolio soared, doubling in less than a week. By June 5, it reached $31.23 million, primarily driven by the TROG tokens, which were then valued at $18.6 million.
One reason Trump hasn’t sold the airdropped TRUMP or TROG tokens could be due to legal or tax-related factors. Airdropped tokens present unique complexities, including uncertainties around ownership, reporting duties, and potential liabilities. Offloading these assets might trigger capital gains taxes or require intricate disclosures under campaign finance laws.
At the time, Trump was campaigning before his 2024 election victory. His team might also be weighing the optics of selling politically themed tokens like TRUMP, as such an action could draw scrutiny or criticism. For now, holding these tokens may serve as a calculated move to navigate these uncertainties while assessing compliant strategies for the future.
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