President Trump Holds $1 Billion in Crypto Assets

In about nine months, the President of the United States (POTUS), Donald Trump, has successfully amassed up to $1 billion in cryptocurrencies. This bag has significantly supercharged his net worth, but not without some controversies. In clear terms, Trump’s net worth, including real estate, is approximately $5.6 billion. President Donald Trump Holds $900 Million in Liquid Assets Trump entered new crypto-related ventures just before the US presidential elections, which he eventually won in November. Since then, he has accumulated up to $1 billion in crypto assets. According to a Forbes report, he currently holds about $900 million worth of liquid assets, and up to half of this amount comes from his crypto pursuits. From Forbes’ calculation , crypto has done more than elevate Trump’s net worth. It has equally made liquidity available for him. For context, the US president was drowning in cash scarcity as of a year ago. At the time, he could only boast of having $400 million on his balance sheet while he had more than $500 million in legal judgments against him. TRUMP Memecoin Gains Industry Traction Trump launched his memecoin, TRUMP, just before he assumed office as the POTUS. In such a short while, the crypto asset has become a phenomenon in the digital currency space. He recently highlighted the idea that TRUMP serves as a reflection of public sentiment toward his leadership. Tokenomist data suggests that only 26.48% of TRUMP’s total supply has been unlocked. This leaves about 73.52%, approximately 735 million tokens, on lock. Per a scheduled unlock, another 50 million TRUMP tokens will hit the market by July 18. This holding is valued at over $520 million. Trump Receives Criticism Over Crypto Involvement Some critics are concerned about Trump’s involvement with crypto and foreign investors. In April, the European Central Bank (ECB) raised concerns about the possible impact of Trump’s support for cryptocurrencies. This sect believes that U.S. laws supporting stablecoins could affect Europe’s financial markets. On this basis, the ECB urged EU lawmakers to make the Market in Crypto Assets (MiCA) regulation tougher to reduce these potential risks. While the impact on potential Web3 businesses are high, the safety of consumers remain the top priority for EU lawmakers. The post President Trump Holds $1 Billion in Crypto Assets appeared first on TheCoinrise.com .

Source: The Coin Rise