Crypto Giants Donate $10 Million to Trump’s Inauguration

Leading cryptocurrency firms have contributed at least $10 million to the Trump inaugural fund, with top executives converging in Washington ahead of the incoming president’s swearing-in on Monday.

Ripple, Coinbase, Kraken, Circle, and Robinhood collectively donated over $10 million to Trump’s inauguration fund, demonstrating the crypto industry’s commitment to President Donald Trump.

This follows the industry’s substantial financial support for Trump’s campaign, with hopes for a crypto-friendly administration.

What They Donated

Ripple, the issuer of XRP, has pledged $5 million worth of its native coin. CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty, who recently met Trump at Mar-a-Lago, have been invited to the inauguration. They have transitioned from battling court cases under President Biden to securing a place at the table.

Coinbase and Kraken, the two largest crypto exchanges in the U.S., each donated $1 million. Coinbase CEO Brian Armstrong has been in Washington since Election Day and has met with Trump twice to discuss crypto-friendly reforms.

Circle, the company behind USDC, also contributed $1 million, while Robinhood, popular among retail traders, donated $2 million. Additionally, Trump launched a meme token on Solana, the OFFICIAL TRUMP (TRUMP) token, which saw a 9,000% increase in the past 10 hours.