Ripple becomes the leader among crypto firms in terms of donations to Trump’s inaugural fund

The company sent $5 million to the fund

22.04.2025 - 14:10

2 min

What’s new? Cryptocurrency companies and their executives donated $18 million to Donald Trump’s inaugural fund, Forbes reporter Ben Weiss reported, citing a Federal Election Commission report. The largest amount was donated by the fintech company Ripple, which issues the XRP token, almost $4,9 million. In second place was online broker Robinhood with a donation of $2 million.

Source: X.com

What else is known? Another $1 million each was sent to the Trump fund by Circle, the USDC stablecoin issuer, the leading US crypto exchange Coinbase, the Crypto. com exchange operator Foris DAX, the crypto investment company Galaxy Digital, the DeFi protocol Ondo Finance and the Solana blockchain developer Solana Labs.

Input Output Global (IOG), the company behind the development of the Cardano blockchain, donated $250 000, Uniswap decentralized crypto exchange founder Hayden Adams donated $245 727, and the MetaMask crypto wallet developer Consensys donated $100 000. Also contributing $100 000 to the fund was Yuga Labs, the developer of the popular NFT collection BAYC Yuga Labs.

During the election campaign, Trump repeatedly stated the need to support crypto companies and promised to make the United States a global blockchain hub and a leader in the bitcoin mining industry.

Even then, the candidate was supported by a number of major industry players: the founders of crypto exchange Gemini Cameron and Tyler Winklevoss donated him $1 million each, a similar amount was sent by the founder of the crypto exchange Kraken Jesse Powell.

Crypto lawyer Paul Atkins has been officially named SEC chairman

His candidacy was proposed by Trump

Trump’s inauguration was followed by a change in leadership at the Securities and Exchange Commission (SEC), which then dropped investigations and withdrew lawsuits against a number of crypto companies, including Ripple, Robinhood, Coinbase, Uniswap, and Gemini.

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