On April 22nd, according to Fortune magazine, US Federal Election Commission documents show that US President Donald Trump held the most lavish inauguration event in history due to receiving a record $239 million in donations from corporate supporters and executives. A considerable part of the funds came from the crypto industry, which has been one of Trump's most active supporters: crypto companies and their executives donated $18 million to the inauguration of the 47th US president. Among all donors, Ripple Labs gave the highest amount, reaching nearly $4.90 million, ranking second. Ripple has been in a long-running lawsuit with the Securities Exchange Commission (SEC). Pilgrim's, one of the world's largest poultry producers, topped the list with a donation of $5 million.
Online brokerage Robinhood, which derives a significant portion of its revenue from crypto trading, donated $2 million. Other major donors included some of the industry's top players, such as exchanges Coinbase, Kraken and Crypto.com; stablecoin issuer Circle, which recently filed for an IPO; and VC giant Paradigm, which is near all-time highs in 2024 - both of which donated $1 million.
President Trump Inaugural Fund Receives $18 million Donations from Crypto Companies and Executives
2025-04-22 05:10:48
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Alameda Research again deposits 9 million USDT to BinanceNext article：
BTC跌破88000美元
