Cardano co-founder: 78.5% of Trump's net worth is in cryptocurrency

ChainCatcher news, Cardano co-founder Charles Hoskinson revealed in a post on X that 78.5% of Trump's net worth of $29.6 billion is in cryptocurrency, making him one of the richest cryptocurrency entrepreneurs. This is mainly attributed to the meme coin TRUMP issued by Trump.

Hoskinson also pointed out that Trump's extensive involvement in cryptocurrency could lead to significant changes in the industry. His administration may redefine the IRS's policies on capital gains tax and fair market value assessments for digital assets, and these anticipated changes could impact the regulatory framework of the cryptocurrency industry.