Having spared no expense on 2024 electionsUS cryptocurrency-related companies are doubling down on their lavish political spending - by donating in large numbers to Donald Trump's inauguration committee.

Inaugural funds are like Trump's stipends for the days of lavish dinners, parties, and parades that typically surround the incoming president's swearing-in, as well as the formal ceremony itself. Donations to inaugural committees are common for corporations and wealthy individuals seeking to curry favor with the new president and chat with members of their administration on one of the biggest nights in Washington.

In the run-up to Trump's inauguration on January 20, several prominent cryptocurrency companies spent millions to help the incoming president on his first night back in office. Remarkably, some appear to have spent seven-figure sums to Trump's inauguration committee even after organizing. Running out of desired perks For high rollers.

Although public disclosures about donations have not yet been made, here is a summary of every cryptocurrency-related company known to have donated so far.

ripple

Ripple, one of Senior architects Of the historic 2024 cryptocurrency political spending batch, Trump's inaugural fund is being awarded $5 million worth of XRP, a company spokesperson confirmed to Decryption. XRP It is a cryptocurrency that Ripple's founders helped develop, and it powers the company's financial services platform.

The company, which provides blockchain infrastructure for financial institutions, has a lot of XRP to spare. In the weeks following Trump's re-election on November 5, the company launched content The value of the XRP stash increased by more than $85 one billion.

Only Ripple CEO Brad Garlinghouse and Legal Director Stuart Aldroty He met with Trump this week.

Robinhood

Popular trading app Robinhood, which has aggressively expanded its reach Crypto offers In recent years, it donated $2 million to Trump's inauguration committee, a company spokesman confirmed Decryption.

“Robinhood is pleased to welcome a new era of American innovation and sensible regulation that advances free markets, investor access, and consumer choice,” Mary Elizabeth Taylor, Robinhood's vice president of global government and external affairs, said in a statement shared with . Decryption. “We look forward to working with President Trump and the incoming administration to drive positive change in markets, be an active voice for customers, and continue our mission of democratizing finance for all.”

Coinbase

Coinbase, another crypto company that has been instrumental in the history of the industry Political push In 2024, he recently donated $1 million to Trump's inauguration fund, a company representative confirmed Decryption.

Coinbase was one of the first cryptocurrency companies to make such a donation, days before Christmas.

“Coinbase is committed to working with the administration and both sides of Congress to create regulatory clarity for cryptocurrencies, and it is important to get involved early in order to hit the ground running,” Cara Calvert, Coinbase's vice president of US policy, said in a statement shared with Coinbase. Decryption. “That's why Coinbase has committed to supporting President Trump's transition and eventual inauguration well before the election.”

circle

Circle, source US dollars– The best local product in America Stable coin- It announced on Thursday that it had given away $1 million worth of tokens to support Trump's inauguration.

“We are passionate about building a great American company, and the fact that USDC has been awarded USDC payments is an indication of how far we have come, and the potential and power of digital dollars,” Circle CEO Jeremy Allaire said in a statement. mail To X on Thursday.

Trump has eagerly accepted cryptocurrency donations dating back to the height of his presidential campaign, when industry leaders gave him more than $3 million in... A variety of icons.

Kraken

Kraken, the US cryptocurrency exchange, has donated $1 million to Trump's inaugural fund, according to a company representative.

Exchange sincere Founder Jesse Powell introduced in person Valued at $845,000 to Ethereum For the president-elect's campaign last summer.

Moonbay

Moonpay, a digital payments platform that simplifies how retail users work Buy cryptowas recently donated to support the president-elect's inauguration, a company spokesperson confirmed Decryption. The spokesman declined to comment on the size of the donation.

Ondo Finance

Ondo Finance, a New York-based Ethereum asset management company, donated $1 million to Trump's inauguration late last month.

last February, Ondo It became the first company to tokenize US Treasury securities. It is one of the largest issuers of tokenized securities – an increasingly popular asset class – on Ethereum.

Modified by Andrew Hayward