According to a report from Politico on January 18, major crypto firms like Ripple, Coinbase, Kraken, Circle, and Robinhood have collectively contributed over $10 million to fund President Donald Trump’s inauguration. This marks a significant display of the crypto industry’s support for Trump, with hopes of fostering a crypto-friendly administration.
The funds are earmarked for elaborate inaugural events in Washington, D.C. This donation follows the industry’s prior spending of hundreds of millions on Trump’s campaign. In return, the community is optimistic about favorable regulatory changes during his presidency.
How the Donations Stack Up:
Ripple contributed $5 million, largely in its native token XRP. Ripple’s executives, including CEO Brad Garlinghouse, have secured invitations to the inauguration after years of legal battles under the Biden administration.
Coinbase and Kraken, two leading crypto exchanges, each donated $1 million. Coinbase CEO Brian Armstrong has been actively engaging with Trump on crypto reforms since Election Day.
Circle, the issuer of USDC, and Robinhood, popular among retail investors, contributed $1 million and $2 million, respectively.
Meanwhile, Trump’s recently launched OFFICIAL TRUMP (TRUMP) meme token on Solana has surged by over 9,000% within hours, signaling strong community interest.
The Crypto Community’s Celebrations
The crypto sector also hosted an exclusive inauguration event—the Crypto Inaugural Ball—at the Andrew W. Mellon Auditorium in Washington. The event featured a performance by legendary rapper Snoop Dogg and sponsorships from companies like Stand With Crypto and Anchorage Digital.
Tech Giants Show Support
Big Tech players such as Amazon, Apple, Google, Meta, and Microsoft each contributed $1 million to the inauguration fund. OpenAI CEO Sam Altman also made a personal donation of $1 million. These firms, which faced regulatory scrutiny under the previous administration, see Trump’s presidency as a chance to shape favorable policies.
Democratic Pushback
Not everyone is pleased with the crypto industry’s alliance with Trump. Senator Elizabeth Warren has criticized the relationship, accusing Trump of being swayed by financial incentives. She also targeted his Treasury Secretary nominee, Scott Bessent, for prioritizing tax cuts over raising the minimum wage.
Warren, a vocal critic of crypto, has repeatedly linked the industry to serious issues like child exploitation—a claim that hurt her public approval. During Bessent’s confirmation hearing, she aggressively questioned his lack of policy experience, creating a tense atmosphere.
As Trump begins his term, the crypto industry and its supporters are optimistic about the regulatory landscape
$XRP , with hopes for significant policy shifts in the coming months
#TRUMPOnBinanceFutures #CryptoTrump2.0