Crypto Firms Pour Millions Into Trump Inauguration
Crypto executives and their lobbyists are scrambling to gain sway over the incoming administration.
The cryptocurrency industry, fresh off a 2024 elections spending spree, has turned its influence efforts in recent months to a new target: celebrating the start of President-elect Donald Trump’s second term.
Leading crypto firms have pumped at least $10 million into the Trump inaugural fund, and top executives are flocking to Washington ahead of the incoming president’s swearing-in on Monday.
Crypto companies including Ripple, Coinbase, Kraken, Robinhood and Circle have made seven-figure donations to Trump’s inaugural committee since Election Day — part of
a wave of corporate contributions that Trump has reeled in as big businesses scrambled to curry favor with the incoming administration.
The donations, which will fund the glitzy official events surrounding the inauguration, exemplify the giddiness across the digital asset sector as Trump prepares to become the first-ever explicitly pro-crypto U.S. president. The industry is eyeing any avenue of influence as it pushes the incoming administration and a GOP-controlled Congress to complete a regulatory overhaul that could boost its growth.