Crypto Companies and Their Role in Donald Trump’s Inauguration Funding
Crypto Companies Driving Political Finance
Crypto companies have emerged as influential players in political finance, dramatically funding Donald Trump’s inauguration. The Trump Vance Inaugural Committee achieved a record-breaking $239 million, far surpassing the previous record of $107 million in 2017.
Trump’s Shift to Crypto Evangelism
A surprising pivot has occurred as Trump transitioned from skepticism to advocacy for cryptocurrency, leveraging its financial clout to regain the presidency.
Top Crypto Donors to Trump's Inauguration Fund
- Coinbase: $1 million
- Ripple Labs: $4.89 million
- Circle Internet Group: $1 million
- Consensys Software: $100,000
- Robinhood Markets: $2 million
- Galaxy Digital Services: $1 million
- Solana Labs: $1 million
- Yuga Labs: $100,000
- Payward (Kraken): $1 million
- Cypherium Blockchain: $125,000
This influx marked a dramatic shift in political fundraising strategies as crypto companies also supported Trump’s campaign prior to the election.
Impact of Regulatory Changes
The regulatory landscape is changing with a push for initial public offerings by major firms like Kraken and Gemini amid a relaxed regulatory environment.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.