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Trump Reveals NFT Income, Crypto Holdings in New Disclosure

Trump Reveals NFT Income, Crypto Holdings in New Disclosure

Former U.S. President Donald Trump gave a more detailed account of his finances including proceeds from his non-fungible token (NFT) collection. The cryptocurrency balance of an Ethereum wallet has also been declared as part of $1 billion in income received from various sources.

Donald Trump Details Income From NFTs, Speaking Fees, Hotel Sale

The 45th President of the United States, Donald Trump, has provided more information about his financial state, detailing income earned from speaking fees, the sale of his Washington, D.C. hotel and digital collectibles, Bloomberg reported.

In a revised disclosure, filed with the Office of Government Ethics, he reveals the exact sums for more than $1 billion in income received from these and other sources that he had previously declared only in broad terms to the Federal Election Commission.

In the earlier disclosure submitted in April, Trump, now running for a second, non-consecutive term in the 2024 election, was allowed to indicate broad ranges for some types of income like dividends, capital gains, interest, rent, and royalties. Other types of income, such as salaries and speaking fees, he is expected to disclose in exact amounts, the report noted.

The presidential hopeful gave more details on the company that receives licensing fees for using Trump’s image on a collection of NFTs, CIC Digital LLC, in the latest disclosure. The latter owns a U.S. bank account with less than $1,000 but also an Ethereum wallet holding between $250,000 and $500,000 worth of crypto.

The former head of state announced his Trump Digital Trading Cards in December, when the first badge was sold within hours of launch. The tokens listed on the NFT marketplace Opensea depict him as numerous characters, from golfer to Superman.

The NFT market was affected by negative developments in the crypto space in the past year. In June, the monthly global sales volumes were down 38% compared to a year earlier, according to blockchain data provider Cryptoslam. However, the Trump Cards registered a spike in sales after the former president was indicted earlier this year.

Do you think the sales of Donald Trump’s NFTs will surge again during his campaign? Tell us in the comments section below.

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