Donald Trump, soon to be the 47th President of the United States, will become the first sitting leader of the country to hold meme coins. Reports indicate he has assets amounting to approximately $8 million in his crypto wallet.
Donald Trump's Cryptocurrency Portfolio
According to Arkham, Donald Trump holds roughly $8 million worth of meme coins in his crypto wallet. This includes $5.5 million in TROG tokens, $1.5 million in a TRUMP meme, 1.3 billion GUA coins valued at almost $400,000, and $167,000 in TRUMPIUS.
Trump's Shift in Cryptocurrency Stance
Trump was previously a crypto skeptic, but in 2024 he changed his stance by publicly supporting Bitcoin and pledging to defend the right to own it. He also launched tokens on the Ethereum network, earning significant gains in ETH. His wallet holds 496.77 ETH, worth about $1.6 million at the time of publication.
Industry Impact and Expectations
Many expect the Trump administration to establish a clear regulatory regime for digital assets. His nominations, such as Paul Atkins for SEC chair and crypto czar David Sacks, suggest a crypto-focused approach. Industry leaders have also donated to Trump's inauguration, hoping for the creation of a US Bitcoin reserve.
Donald Trump is becoming a notable figure in the cryptocurrency world, changing his stance and showing interest in digital assets, which could influence the future regulation of cryptocurrencies in the US.
