Odaily News Cardano co-founder Charles Hoskinson revealed in an article on X that 78.5% of Trump’s $29.6 billion net worth is in cryptocurrencies, making him one of the richest cryptocurrency entrepreneurs. This is mainly due to Trump’s meme coin TRUMP.
Hoskinson also noted that Trump’s extensive involvement in cryptocurrencies could lead to significant changes in the industry. His administration is likely to redefine the IRS’s policies on capital gains taxes and fair market value assessments of digital assets, and these expected changes could affect the regulatory framework for the cryptocurrency industry.