Ripple to Donate $5 Million in XRP to Trump’s Inauguration in January

BE[IN]CRYPTO12-21 09:07

Ripple donates $5 million in XRP to Trump’s inauguration fund, joined by Coinbase, Kraken, and Ondo Finance with $1 million each. Exclusive donor perks include gala tickets, a Cabinet reception, and ...

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Vance in January.Other crypto firms, including Coinbase, Kraken, and Ondo Finance, have also announced significant donations to the inauguration fund.Crypto Companies Are Contributing Over $8 Million to Trump’s Inauguration. 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Vance in January. \nOther crypto firms, including Coinbase, Kraken, and Ondo Finance, have also announced significant donations to the inauguration fund.\nCrypto Companies Are Contributing Over $8 Million to Trump’s Inauguration\nAccording to Fox Business reports, Coinbase and Kraken each contributed $1 million to the Trump-Vance Inaugural Committee. \nThis committee is organizing a series of events, including galas, parades, and dinners, to celebrate the November election victory. The three-day celebration will take place around the January 20 swearing-in ceremony.\nMeanwhile, Ondo Finance is also reportedly donating $1 million to the inaugural fund. The announcement follows ONDO’s all-time high at $2.14 earlier this week, fueled by a $250,000 investment from World Liberty Financial, a crypto project backed by Trump.\n\n“Ripple Makes Record-Breaking Donation To Trump. Ripple just donated $5M in XRP to fuel Trump’s $200M inauguration stash. This is the biggest crypto donation ever made. Crypto’s not just an alternative investment vehicle anymore, we’re seeing it reshape the world of politics in real-time,” Mario Nawfal wrote on X (Formerly Twitter).\n\nHowever, the donations come with several perks for these crypto leaders. Those contributing $1 million or raising $2 million will receive six tickets to exclusive events over the inauguration weekend. \nThese events include a dinner with Trump and Vance and a reception with members of Trump’s incoming Cabinet, among other opportunities. This will allow the perfect opportunity for companies like Ripple and Ondo to establish a more favorable influence on the new government. \nCrypto Donations Take Center Stage\nCrypto donations have played a significant role in the current political cycle. As BeInCrypto reported earlier, three crypto-affiliated super PACs collectively contributed $133 million to election campaigns. Ripple, Coinbase, and Jump Crypto were among the top contributors.\nAfter the election, Ripple CEO Brad Garlinghouse donated an additional $25 million to Fairshake, a pro-crypto super PAC. The group has already raised $103 million for the 2026 midterm elections.\nSince Trump’s re-election, crypto executives have sought direct engagement with the incoming administration. Earlier this month, Crypto.com CEO Kris Marszalek met with Trump to discuss crypto-friendly policies and financial appointments. \nCoinbase CEO Brian Armstrong also had a private meeting with Trump last month, reportedly focusing on potential personnel choices for the administration.\nThese efforts have already yielded results. SEC Chair Gary Gensler has stepped down, and Paul Atkins, a pro-crypto advocate, has been appointed as his replacement. \nAdditionally, Trump has named David Sacks as the first-ever AI and Crypto Czar. With these developments, the cryptocurrency industry appears poised to influence key decisions during Trump’s presidency.\n\n\n\n\n🎄Best crypto platforms in Europe | December 2024\n\n\n\neToro\nExplore\n                      \n\n\n\n\n\nCoinrule\nExplore\n                      \n\n\n\n\n\nUphold\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\n3Commas\nExplore\n                      \n\n\n\n\n\n\n\n\n🎄Best crypto platforms in Europe | December 2024\n\n\neToro\n\n\n\n\n\n\n\n\nCoinrule\n\n\n\n\n\n\n\n\nUphold\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\n3Commas","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493240723"}