Techub News reports, according to Fox Business, that major cryptocurrency companies are donating millions of dollars to the inauguration of President-elect Trump alongside large tech companies and many other businesses in the United States. Cryptocurrency exchanges Coinbase and Kraken donated $1 million each to the Trump-Vance inauguration committee, funding a three-day grand celebration, parade, and gala dinner.
Blockchain payment company Ripple also plans to donate $5 million. All three companies confirmed the donations to FOX Business, with Coinbase stating it was one of the first cryptocurrency companies to contribute to the fund. Another cryptocurrency entity, digital asset payment provider MoonPay, will also donate to the fund but declined to disclose the exact amount. A spokesperson for the Trump-Vance inauguration committee stated they are confident of raising $225 million before the inauguration.
