Trump Family Doubles Down on Crypto, With Donald Holding Millions of Dollars of Ethereum and Eric Prepping a New Initiative

Former U.S. President Donald Trump holds between $1 million and $5 million in Ethereum, with additional income from non-fungible token (NFT) licensing fees, according to recent election disclosures.

Former U.S. President Donald Trump might be a crypto enthusiast after all, as recent election disclosures revealed that he holds between $1 million and $5 million in Ethereum (CRYPTO: ETH). Trump also earned an additional income through non-fungible token (NFT) licensing fees.

The filings only specify a general range for his Ethereum holdings, but data from Arkham Intelligence estimates the value at around $3.6 million.

Trump reported earning $7.15 million through a licensing agreement with NFT INT, a firm linked to the Trump Digital Trading Cards. His wife, former First Lady Melania Trump, earned $330,609 from NFT sales, according to the filings.

The Trump Digital Trading Cards have generated over 15,808 ETH in trading volume since their launch, according to data from OpenSea. In July, Trump announced plans to release another NFT collection.

Despite his previous endorsement of cryptocurrency, Trump did not mention crypto in a recent X space interview with Elon Musk or during a press conference where he discussed various campaign issues.

In other news, the Trump Organization, which manages Trump’s business ventures, is set to launch a new cryptocurrency initiative, according to a report by the New York Post.

Eric Trump, the former president’s son and executive vice president of the Trump Organization, hinted at the upcoming project but didn't reveal specific details. He suggested it might involve “digital real estate” and could enable lending and borrowing of funds.

Earlier this month, Eric Trump voiced his support for crypto on X, writing, "I have truly fallen in love with Crypto / DeFi. Stay tuned for a big announcement." He described the initiative as a potential disruptor in the banking and finance sectors, highlighting its accessibility and ability to offer financial independence.

Eric Trump also noted the challenges the Trump family has faced, including financial discrimination and the desire for a financial system that doesn’t adhere to the traditional banking framework. "That day’s coming soon," he told the Post.

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