Contribution of Ripple and Crypto Companies to the Oath Ceremony
Coinbase and Kraken each donated $1 million to the Trump-Vance Inauguration Committee, which is organizing a series of events including galas, parades and dinners to celebrate the election victory. The events will run for three days leading up to the Jan. 20 inauguration.
Ondo Finance also announced it was donating $1 million to the inauguration fund. The announcement comes after a week in which Ondo’s price peaked at $2.14. Ondo Finance’s $250,000 investment from Trump-backed World Liberty Financial helped fuel the surge.
Ripple Makes Record Donation
Ripple made one of the largest crypto donations in history by donating $5 million worth of XRP . Ripple’s contribution provided a significant boost to Trump’s $200 million inauguration budget. Mario Nawfal said in a statement on X:
Ripple Makes Record-Breaking Donation to Trump Ripple donated $5 million worth of XRP to support Trump’s $200 million inauguration fund, the largest crypto donation ever . Crypto is no longer just an alternative investment vehicle, we’re seeing it reshape the political landscape in real time.
With these donations, Ripple and other companies aim to have a positive impact on the new government. In particular, donors will have the opportunity to influence government policies by attending special events with Trump and Vance.
The Growing Role of the Crypto Industry in Politics
Crypto donations have played a significant role this election cycle, with three major crypto-related PACs contributing a combined $133 million to campaigns. Ripple, Coinbase, and Jump Crypto led the way.
Following the election, Ripple CEO Brad Garlinghouse donated an additional $25 million to Fairshake, a group that has already raised $103 million for the 2026 midterm elections.
Crypto Industry Collaborates with New Management
As we reported at Kriptokoin.com , crypto leaders are taking active steps to establish a closer relationship with the Trump government. This month, Crypto.com CEO Kris Marszalek met with Trump to discuss crypto-friendly policies. Coinbase CEO Brian Armstrong also held a private meeting with Trump last month.
These efforts are starting to pay off. SEC Chairman Gary Gensler has stepped down, and pro-crypto advocate Paul Atkins has been appointed in his place. Trump has also appointed David Sacks as the first AI and crypto leader. These developments suggest that the crypto industry is poised to influence major decisions during the Trump administration.
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