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Donald Trump's Ethereum Asset and Relation to Cryptocurrencies
Former US President Donald Trump announced that he has $250,000 worth of Ethereum. This information came to light during an ongoing investigation into Trump's financial records. Trump and his inner circle are known for their interest in cryptocurrencies. The ongoing investigation aims to investigate the size of the former president's crypto holdings and whether he violated the law through crypto interactions.
In December 2022, Trump approved Trump Digital Trading Cards, a collection of NFTs to his name. One day after the confirmation, the value of NFT skyrocketed, reaching an all-time high of 0.84 ETH. However, with the market downturns, the value of NFT also fell and the value of Trump Digital Trading Cards fell to 0.12 ETH, reflecting an 85% loss.
Trump's wife, Melania Trump, also joined the NFT market. Melania converted some of the well-known images from the Moon landings with the Apollo spacecraft in the 1960s and 1970s into NFT and sold them for $75 each. However, NASA did not welcome this situation and declared that the rules regarding the use of its images for digital assets were violated.
Trump's ownership of Ethereum may not necessarily indicate a violation of any law, given that the crypto token is not among the securities approved by US regulators. Ethereum is not among the crypto assets listed as securities and has not been involved in any of the recent lawsuits filed by the SEC against several crypto exchanges in the country.
Therefore, former US president Trump may not face any charges as part of the ongoing investigation. However, the depreciation of NFT collections and Melania Trump's sale of NASA footage as NFT could spark new investigations. #GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar# #MyFancyCreator# #HotTopicDiscussion#