Donald Trump's Inauguration: Ripple Leads $200 Million Cryptocurrency Donation Wave

Click on the avatar to go live and chat!

Donald Trump's inauguration is scheduled for January 20, 2025. It is widely expected that the United States will witness a luxurious inauguration—more extravagant than previous ones.

The inauguration committee has raised $200 million, and it is expected that this fund will exceed $225 million before the inauguration day. Notably, it is the unprecedented support from the cryptocurrency industry that has pushed this fund to such a high level. Want to know more? Please continue reading!

Why Cryptocurrency Companies Support Trump

During the U.S. election, Donald Trump presented himself as a candidate supportive of cryptocurrency to the voters. He promised to implement necessary policies to strengthen the cryptocurrency industry and assured voters that he would abolish those policies that stifle the industry’s growth potential.

According to reports, the cryptocurrency company Ripple, which is currently engaged in a tough legal battle with the U.S. Securities and Exchange Commission, has donated over $5 million.

Coinbase and Kraken are among the cryptocurrency companies that made significant contributions to the inauguration committee. Reports indicate that both Coinbase and Kraken donated at least $1 million each.

Interestingly, some cryptocurrency companies like MoonPay have declined to comment on how much they contributed to the inauguration fund.

Click on the avatar to go live and chat!