Donald Trump Reportedly Owns Over $1 Million in Cryptocurrency

The former President reported the assets in a regulatory financial filing on Thursday.

By Emily Rella | edited by Melissa Malamut | Aug 16, 2024
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Key Takeaways

  • In a regulatory financial filing on Thursday, Trump claimed to own between $1 million and $5 million in cryptocurrency.
  • The assets claimed were a cryptocurrency wallet and a 鈥渧irtual Ethereum key鈥.

Ahead of the 2024 U.S. Presidential Election, the future of cryptocurrency and its regulation has become a topic of discussion among voters.

On Thursday, a regulatory financial filing by Republican nominee Donald Trump President owns over $1 million in crypto, showing Silicon Valley that the presidential candidate may have favorable crypto policies derived from personal interest.

Related: Mark Cuban Says He’s Received ‘Multiple Questions’ From Kamala Harris About Crypto

The financial filing stated that Trump owns a cryptocurrency wallet and a “virtual Ethereum key” which, depending on the current markets, can range in value from $1 million to $5 million.

Trump’s current stance on crypto is a “hands-off” approach allowing the market to self-regulate.

The former President now also accepts cryptocurrency, such as Bitcoin, as funding for his campaign, signaling a strong pivot from his prior stance that crypto was a “scam” and “disaster waiting to happen.”

In an interview with , Trump championed Bitcoin mining in the U.S. to curb China’s growing influence over the market.

“If we don’t do it, China is going to figure it out, and China’s going to have it鈥攐r somebody else,” Trump said.

Last month, Mark Cuban told in an interview that he had been fielding calls from Democratic nominee Kamala Harris’ team about cryptocurrency and advice on the market.

Related: Musk, Trump Hit With Federal Labor Charges Over Livestream

Cuban then accused Silicon Valley leaders that support Trump of doing so as a “Bitcoin play.”

“What will drive the price of BTC is lower tax rates and tariffs, which if history is any guide (and it’s not always ), will be inflationary,” Cuban . “Combine that with global uncertainty as to the geopolitical role of the USA, and the impact on the US Dollar as a reserve currency, and you can’t align the stars any better for a BTC price acceleration.”

Key Takeaways

  • In a regulatory financial filing on Thursday, Trump claimed to own between $1 million and $5 million in cryptocurrency.
  • The assets claimed were a cryptocurrency wallet and a 鈥渧irtual Ethereum key鈥.

Ahead of the 2024 U.S. Presidential Election, the future of cryptocurrency and its regulation has become a topic of discussion among voters.

On Thursday, a regulatory financial filing by Republican nominee Donald Trump President owns over $1 million in crypto, showing Silicon Valley that the presidential candidate may have favorable crypto policies derived from personal interest.

Related: Mark Cuban Says He’s Received ‘Multiple Questions’ From Kamala Harris About Crypto

Emily Rella Senior News Writer

Emily Rella is a Senior News Writer at 麻豆社.com. Previously, she was an editor at... Read more
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