Arkham

President Donald Trump

Donald Trump

Coin

<ul class="news-points"> 
 <li>Former President Donald Trump cashes out 1,075 ETH, valued at approximately $2.4 million, from his NFT sales.</li> 
 <li>Speculation arises that Trump may use crypto to fund his 2024 presidential campaign.</li> 
 <li>Trump’s move could attract increased scrutiny due to regulatory uncertainty surrounding crypto-driven campaign financing.</li> 
</ul> 
Former U.S. President Donald Trump has been reported cashing out a substantial amount of Ether (ETH) earned from selling his NFTs. What’s raising eyebrows is the speculation that Trump might be funding his 2024 presidential campaign with cryptocurrency. 
Blockchain intelligence platform Arkham posted on X that the <a href="https://twitter.com/ArkhamIntel/status/1740052834949972155" target="_blank" rel="nofollow">Trump-affiliated </a>wallet recently transferred a staggering 1,075 ETH, equivalent to approximately $2.4 million, to Coinbase in a series of transactions since December 8. The source of these earnings is believed to be proceeds from the sale of <a href="https://coinedition.com/trump-launches-mugshot-nft-collection-bearish-for-his-previous-nfts/">Trump’s NFT</a> collections, including his infamous mugshot. 
The timing of these transactions, amid the anticipation of the 2024 presidential election, has led some to question whether Trump is exploring alternative funding sources for his campaign. The move to cash out ETH from his NFT earnings could s…
The post <a href="https://coinedition.com/trump-cashes-out-nft-sales-is-he-funding-his-2024-campaign-with-crypto/">Trump Cashes Out NFT Sales: Is He Funding His 2024 Campaign with Crypto?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Trump Cashes Out NFT Sales: Is He Funding His 2024 Campaign with Crypto?

Coin Edition

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