Trump’s $30 Billion Wealth Is Nearly 80% Crypto, Hoskinson Claims

Quick Summary:

Cardano co-founder Charles Hoskinson has gone public with a surprising revelation that 78.5% of incoming US President Donald Trump’s net worth of $29.6 billion is in digital assets, which include the red-hot TRUMP memecoin.

Such a disclosure brings up conversations regarding the future regulations and policies based on the possible influence of Trump’s crypto wealth.

According to Hoskinson, the US government may need to modify how it taxes cryptocurrency ownership, especially in regards to asset value and capital gains.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: Hungary

Topics: News Trump coin Hoskinson Cardano Inauguration SEC Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-19 @ 10:00:03 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 25250542

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About Bitcoinist

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Official Website: bitcoinist.com

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News Last Updated: 8 hours ago

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