Ripple Pledges $5 Million XRP to Trump
Ripple has pledged to use $5 million worth of XRP to support the January inauguration celebrations of President-elect Donald Trump and Vice President-elect JD Vance.
Other cryptocurrency companies, including Coinbase, Kraken and Ondo Finance, have also announced significant donations to the inaugural fund.
Cryptocurrency companies donate more than $8 million to Trump inauguration
According to Fox Business, Coinbase and Kraken Each donated $1 million to the Trump-Vance inaugural committee.
The committee is organizing a series of events, including galas, parades and dinners, to celebrate November’s election victory. The three-day celebration will take place around the Jan. 20 swearing-in ceremony.
Meanwhile, Ondo Finance has also reportedly donated $1 million to the first fund. The announcement is as follows ONDO reaches record high Earlier this week, the pair was trading at $2.14, boosted by a $250,000 investment from Trump-backed cryptocurrency project World Liberty Financial.
“Ripple breaks records Donate To Trump. Ripple just donated $5 million in XRP to fund Trump’s $200 million inauguration reserve. this is the biggest crypto donation Have done it before. Cryptocurrency is no longer just an alternative investment vehicle, we are seeing it reshaping the political world in real time. ”Mario Nawfal Wrote on X (formerly Twitter).
However, these donations have brought some benefits to these cryptocurrency leaders. Those who donate $1 million or raise $2 million will receive six tickets to exclusive inaugural weekend events.
Those events include opportunities such as dinners with Trump and Vance and receptions with members of Trump’s incoming Cabinet. This will provide companies like Ripple and Ondo with an excellent opportunity to have a more favorable influence on the new government.
Cryptocurrency donations take center stage
Cryptocurrency donations have played an important role in the current political cycle. As BeInCrypto reported earlier, three Cryptocurrency-Affiliated Super PAC A total of $133 million was donated to the campaign. Ripple, Coinbase, and Jump Crypto are among the largest contributors.
After the election, Ripple CEO Brad Garlinghouse donates An additional $25 million was given to pro-cryptocurrency super PAC Fairshake. The organization has raised $103 million for the 2026 midterm elections.
Since Trump’s re-election, cryptocurrency executives have sought direct engagement with the incoming administration. At the beginning of this month, Crypto.com CEO Kris Marszalek and Trump Discuss crypto-friendly policies and financial appointments.
CEO of Coinbase Brian Armstrong also had a private meeting with Trump According to reports, the focus last month was on the government’s potential personnel choices.
These efforts are already bearing fruit. SEC Chairman Gary Gensler Resigned, pro-cryptocurrency advocate Paul Atkins has been fired appointed as his replacement.
In addition, Trump appointed David Sachs as the first-ever artificial intelligence and Cryptocurrency Czar. With these developments, the cryptocurrency industry appears poised to influence key decisions during the Trump presidency.
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