Cryptocurrency exchanges Ripple, Coinbase, Kraken, and DeFi protocol Ondo Finance each has announced to donate $1 million to the Trump-Vance inaugural committee, fueling excitement for the upcoming inauguration festivities.
The three-day celebration, set around Donald Trump and VP-elect JD Vance’s January 20 swearing-in, has drawn major contributions from the crypto industry.
According to a report by FOX Business, Ripple, pledged $5 million in XRP tokens, while Coinbase, Ondo, and Kraken confirmed their $1 million donations. MoonPay also plans to donate but hasn’t disclosed an amount.
Coinbase’s VP of U.S. Policy, Kara Calvert, said the company supports Trump’s administration to push for clearer crypto regulations. Kraken’s co-CEO, Arjun Sethi, echoed this optimism, praising Trump’s pro-crypto stance as a game-changer for the industry.
Ripple CEO Brad Garlinghouse welcomed Trump’s crypto-friendly picks, including Paul Atkins for SEC Chair and David Sacks as the first crypto and AI “czar.” The Trump administration has also nominated crypto advocates for key roles, signaling a regulatory shift.
Big tech isn’t staying on the sidelines either. Executives like Jeff Bezos, Mark Zuckerberg, and Sam Altman have each donated $1 million, with many meeting Trump to strengthen ties. Robinhood CEO Vlad Tenev announced a $2 million contribution, marking a new alignment between tech leaders and the administration.
The Trump-Vance inaugural committee has already secured a record-breaking $200 million, surpassing previous inaugural fundraising efforts. Sources expect the total to reach $225 million by Inauguration Day, highlighting broad support for the incoming administration.
With Trump’s promises to support crypto innovation and appoint industry-friendly regulators, the crypto sector sees a brighter future under his leadership. As excitement builds for the inauguration, the donations underscore the industry’s confidence in a new era of regulatory clarity.
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