You Won’t Believe Which Crypto Giant Donated Millions to Trump’s Inauguration!

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Well, well, well, folks. The plot thickens. A fresh report from Fortune has revealed that President Donald Trump’s inauguration week has claimed the title of “most extravagant” in history, raking in a staggering $239 million in corporate donations. Among the corporate bigwigs were none other than our good friends from the crypto world, including Ripple Labs. It’s as though the digital currency crowd had a VIP pass to the event. 🤑

Pilgrim’s Pride Rules the Roost, But Ripple’s No Slouch

In a move that can only be described as “bold” (if not utterly audacious), the cryptocurrency industry contributed around $18 million to ensure that Trump’s swearing-in was something to remember. Yes, you read that right. A whole 18 million bucks. These weren’t just pocket change donations either. Ripple Labs stepped up to the plate with a cheeky $4.9 million, making it the second-largest donor behind Pilgrim’s Pride, which chipped in a neat $5 million. Money talks, people, and it’s speaking fluent blockchain. 💸

But wait, there’s more! Robinhood, the online trading platform that’s practically built on crypto’s back, didn’t want to be left out and contributed a cool $2 million. Now that’s a power move. Let’s not forget the big-name exchanges like Coinbase, Kraken, and Crypto.com, alongside stablecoin issuer Circle and venture capital firm Paradigm, all of which kindly offered $1 million each. I guess when you’re playing in the big leagues, you don’t show up empty-handed. 🎉

The Trump-Crypto Love Affair

Now, we’re all aware that politics in America have been a bit of a rollercoaster lately, but it seems that under Trump, the crypto industry had a loyal champion. After all, who else would declare himself the “pro-crypto president”? 🏆 I mean, it’s practically a match made in digital heaven. While President Joe Biden has been taking the regulatory sledgehammer to the crypto world, Trump was handing out lifebuoys to crypto executives like they were party favors. The SEC might be up in arms about many cryptocurrencies being classified as securities, but it didn’t matter much when your guy in the Oval Office was a crypto-friendly crusader. 💥

But the crypto community wasn’t just taking a back seat, no sir. Tyler and Cameron Winklevoss—those charming twin brothers behind Gemini—each threw $1 million at Trump’s reelection campaign. Meanwhile, Kraken’s co-founder Jesse Powell also dug deep, matching that $1 million pledge. It’s clear the industry was all-in for a man they saw as their golden ticket to a more crypto-friendly future.

And what did Trump do with his newfound support? Why, he got right down to business. He appointed an “AI and crypto czar” (because of course, why not?), started laying the groundwork for a Bitcoin and digital assets reserve, and made sure that the SEC and the CFTC (those old regulatory sticklers) were left with fewer teeth than a jellyfish. 🍒

Speaking of the SEC, it’s worth noting that they’ve now dropped lawsuits against a number of Trump’s inaugural donors—Coinbase, Crypto.com, Uniswap, Yuga Labs, Kraken, and Ripple—leaving the crypto world breathing a sigh of relief. Is this the kind of cozy relationship we’ve all been waiting for? You bet. 🤝

At the time of writing, Ripple-backed token XRP is cruising at a not-so-shabby $2.0835, though it recently took a bit of a tumble toward $1.61 on April 7. Ah, the volatility of crypto. One minute you’re riding high, and the next you’re in a free fall. Still, on a monthly basis, XRP is down nearly 13%—though this might have something to do with Trump’s tariffs doing their bit to drag down risk assets. Who knew politics could affect crypto so much? 😜

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2025-04-22 15:13