The cryptocurrency community is demonstrating unprecedented support for the newly elected U.S. President. Leading companies in the industry have announced significant donations for the upcoming inauguration of Donald Trump and J.D. Vance, scheduled for January 20.
Among the largest donors is Ripple, a digital payments company whose CEO, Brad Garlinghouse, announced a $5 million donation in XRP cryptocurrency. Other industry leaders are not far behind: the cryptocurrency exchange Kraken and fintech startup Ondo Finance Inc. have each pledged $1 million to the inauguration fund.
Particularly noteworthy is the position of Coinbase Global Inc., which donated $1 million to the Trump-Vance inaugural committee even before the election results were announced. According to Kara Calvert, Coinbase's Vice President for U.S. Policy, this decision reflects the company's desire to establish a constructive dialogue with the incoming administration to create a clear regulatory framework for the cryptocurrency sector.
This election cycle has been marked by record-breaking activity from the cryptocurrency sector in political financing. According to the analytics platform OpenSecrets, just three affiliated super PACs contributed an impressive $133 million to the election campaign. The primary contributors were Coinbase Global Inc., Ripple, and Jump Crypto.
Generous donors to the inauguration will be granted special privileges, including participation in an exclusive reception with the Cabinet, attendance at a Sunday worship service, and the inaugural ball. Calvert emphasized: "We are ready to work with the most pro-crypto administration in U.S. history to shape the future of digital assets in America."
#Cryptocurrency #Blockchain #Regulation #PoliticalDonations #Ripple
