Вікторія Горбік Crypto 19 January 2025, 09:36

Crypto companies Ripple, Coinbase, Kraken, Robinhood, Circle and others made seven-figure “donations” to Trump’s inaugural committee

Leading crypto companies have contributed at least $10 million to President-elect Donald Trump’s inaugural fund.

Trump is poised to become the first U.S. president in history to openly support cryptocurrency. «This is a celebratory moment for the industry,» Politico writes, citing Christine Smith, CEO of the Blockchain Association, a leading cryptocurrency trade association.

Crypto companies have invested over $160 million in Political Action Committees (PACs) in the United States.

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Crypto companies are hosting an unofficial inaugural ball on Friday at the Andrew W. Mellon Auditorium in downtown Washington. The event, which will feature musical guest Snoop Dogg, is being organized in part by David Bailey, who runs the Bitcoin conference Trump spoke at last summer. Other sponsors include the Coinbase-backed advocacy group Stand With Crypto and digital asset companies Exodus, Anchorage Digital and Kraken.

Cryptocurrency firm Ripple, a major target of SEC enforcement action that the industry has denounced in the Biden era, has donated $5 million in digital tokens to the inaugural committee, according to a company spokesperson cited by Politico. Two of the firm’s top executives, CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderotti, who met with Trump earlier this month at Mar-a-Lago, plan to attend the swearing-in.

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