On December 21, PANews reported that large cryptocurrency companies are donating millions of dollars to the inauguration celebration of President-elect Trump, alongside major tech companies and many other businesses in the U.S. Cryptocurrency exchanges Coinbase and Kraken donated $1 million each to the Trump-Vance Inaugural Committee, funding a three-day grand celebration, parade, and gala. Blockchain payment company Ripple also plans to donate $5 million. All three companies confirmed the donations to FOX Business, with Coinbase stating that it was one of the first cryptocurrency companies to contribute to the fund. Another cryptocurrency institution, digital asset payment provider MoonPay, will also donate to the fund but declined to disclose the specific amount. A source from the Trump-Vance Inaugural Committee stated that they are confident in raising $225 million before the inauguration.