The post Crypto Firms Donated $85 million in Trump’s Inauguration appeared on BitcoinEthereumNews.com.

According to a new report, 15 firms and individuals from the crypto industry donated more than $100,000 to President Trump’s Inauguration, totaling over $85 million. Almost all of these companies apparently received direct or indirect benefits from Trump’s administration. This includes dropped legal proceedings, lucrative business partnerships, participation in Trump’s Crypto Summit, and more. Crypto Industry Went All-In on Trump’s Inauguration Since promising to bring friendlier regulations on the campaign trail, Donald Trump attracted a reputation as the Crypto President. Trump’s Inauguration festivities included a “Crypto Ball,” and several prominent firms made donations for these events. Today, a report has compiled all crypto-related contributions of over $100,000, revealing some interesting facts. Crypto Donations For Trump’s Inauguration. Source: Fortune Since taking office, President Trump and his family have been allegedly involved in prominent crypto controversies, and these donations may be linked to several of them. For example, eight of the donors, Coinbase, Crypto.com, Uniswap, Yuga Labs, Kraken, Ripple, Robinhood, and Consensys, had SEC investigations or lawsuits against them closed since Trump’s term began. The commission might have dropped its probe against these companies anyway due to its changing stance on crypto enforcement. However, being in the President’s good books likely helped the process. Further Alleged Benefits for Donors In other words, nearly half the firms that made donations to Trump’s Inauguration have seen their legal problems cleared up quickly. This isn’t the only regulation-related benefit they allegedly received. Circle, for example, recently made an IPO after openly stating that Trump’s Presidency made it possible. Galaxy Digital received SEC approval for a major reorganization, a key step for a NASDAQ listing. Other donors, such as Crypto.com and ONDO, got more direct financial partnerships with businesses associated with the Trump family. Previously, Ripple’s CEO, Brad Garlinghouse, anticipated a crypto bull market under Trump. Also, XRP,…

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Filed under: News - @ April 22, 2025 12:27 am