Crypto companies, including #Ripple , contribute millions to fund the inauguration celebrations of United States President-Elect Donald Trump.
According to a FOX Business report, Ripple pledged to contribute $5 million worth of XRP to the Trump-Vance inaugural committee. This organization is responsible for funding the three-day inaugural celebration of Trump and his Vice JD Vance following their victory in last month’s presidential election.
Notably, the activities, including dinners, parades, and galas, will occur before and after Trump’s inauguration on January 20, 2025. FOX Business claimed the company confirmed its contribution to the fund.
Other Crypto Companies Donations
Besides Ripple, other notable crypto companies have also donated heavily to the Trump-Vance inaugural committee. In particular, U.S. crypto exchanges Coinbase and Kraken donated $1 million each.
Other crypto companies, such as MoonPay and Robinhood, have also promised to contribute to the fund. However, they did not reveal the exact amount of their upcoming contributions.
Despite the contributions made by crypto outfits, their donations represent only a fraction of the $200 million the fund has raised so far. Interestingly, a source close to the fund expressed confidence that the figure could spike to $225 million before January 20.
