Ripple Leads the $200M Crypto Donation Wave | Airdrop Alert Pro

Donald Trump’s inauguration is scheduled for January 20, 2025. The United States is widely expected to witness a lavish inauguration – even more lavish than previous inaugurations.

The inaugural committee has raised $200 million and expects the fund to top $225 million before Inauguration Day. Notably, it was the unprecedented support from the crypto industry that pushed the fund to such high levels. Want to know more? Keep reading!

Why Cryptocurrency Companies Support Trump

During the US election campaign, Donald Trump presented himself to voters as a pro-cryptocurrency candidate. He promised to enact the policies needed to strengthen the cryptocurrency industry and assured voters that he would repeal policies that stifled the industry’s growth potential.

Ripple, a cryptocurrency company that is in a fierce legal battle with the U.S. SEC, has reportedly donated more than $5 million.

Cryptocurrency companies such as Coinbase and Kraken made significant contributions to the inaugural committee. Report recommendations Coinbase and Kraken each contributed at least $1 million.

Interestingly, some cryptocurrency companies, such as MoonPay, declined to comment on how much they contributed to the inaugural fund.

Trump inauguration fundraising hits record

According to a recent report, the inaugural committee has so far raised at least $200 million for the three-day celebration that will mark the official start of Trump’s presidency.

The report states that the inaugural committee is preparing to raise more than $225 million before Inauguration Day.

Trump’s Cryptocurrency-Friendly Appointments

Trump recently appointed a Pro-Cryptocurrency Advocate Paul Atkins As successor to Gary Gensler, who will step down On the day Trump was sworn in as president, he resigned as SEC chairman.

There are reports that Trump plans to bring several pro-cryptocurrency figures into his cabinet. Outspoken cryptocurrency supporters Scott Bessent and Howard Lutnick are likely to land key positions in Trump’s cabinet.

Recently, Ripple CEO Brad Garlinghouse welcomed Trump’s appointment, calling the move a new beginning for the cryptocurrency industry.

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Big tech companies join the funding wave

It seems that not just the cryptocurrency industry, but the entire tech community is enthusiastic about the inauguration of Republican leader Donald Trump as president.

Top tech figures who have donated to the inaugural fund include Jeff Bezos, Mark Zuckerberg and Sam Altman.

According to reports, these three top technology leaders have each donated US$1 million to the inaugural fund.

In summary, the historic support for the industry reflects optimism for regulatory clarity and innovation as Trump’s pro-crypto administration takes shape. Cryptocurrency and technology leaders are ready to work with the new government to create the future of digital assets.