{"id":23177,"date":"2025-04-22T12:01:43","date_gmt":"2025-04-22T12:01:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23177"},"modified":"2025-04-22T12:01:43","modified_gmt":"2025-04-22T12:01:43","slug":"crypto-industry-contributed-18-million-to-trumps-inauguration-ripple-among-the-top-donors","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23177","title":{"rendered":"Crypto Industry Contributed $18 Million To Trump\u2019s Inauguration, Ripple Among The Top Donors"},"content":{"rendered":"
\n

A recent report by Fortune highlights President Donald Trump\u2019s inauguration week as the most extravagant in history, fueled by an unprecedented $239 million in donations from corporate backers and executives, including key crypto players like Ripple Labs.\u00a0<\/p>\n

Pilgrim\u2019s Pride Tops Donations At $5 Million, Followed By Ripple<\/h2>\n

Among the contributors<\/a>, the cryptocurrency sector emerged as a significant force, channeling approximately $18 million to support Trump, showcasing the industry\u2019s robust backing for his presidency.<\/p>\n

Leading the pack of crypto donations was Ripple Labs. The blockchain payment company reportedly contributed nearly $4.9 million, making it the second-largest donor overall, just behind Pilgrim\u2019s Pride, which donated $5 million.\u00a0<\/p>\n

Other notable contributors from the crypto realm included Robinhood, the online brokerage that generates substantial revenue from crypto trading, which donated $2 million.\u00a0<\/p>\n

Additionally, major exchanges such as Coinbase<\/a>, Kraken, and Crypto.com, along with stablecoin issuer Circle and venture capital firm Paradigm, each donated $1 million, further solidifying the crypto industry\u2019s influence in the political arena.<\/p>\n

Trump\u2019s Crypto-Friendly Agenda<\/h2>\n

The political climate took a sharp turn under President Joe Biden, whose administration has been characterized by a comprehensive crackdown <\/a>on the crypto industry.\u00a0<\/p>\n

The SEC has alleged that many cryptocurrencies qualify as securities, subjecting them to stringent regulatory requirements. This intensified scrutiny has prompted crypto executives to mobilize considerable resources, spending over $130 million to influence congressional elections and advocate for pro-crypto candidates.<\/p>\n

In contrast, the crypto sector found a staunch ally in Trump, who proclaimed himself a \u201cpro-crypto president.\u201d Notable figures in the industry, including Tyler and Cameron Winklevoss, co-founders of the Gemini exchange, each pledged $1 million to Trump\u2019s reelection campaign.\u00a0<\/p>\n

Kraken\u2019s co-founder and chairman, Jesse Powell, also contributed $1 million, reflecting the industry\u2019s concerted effort to support a candidate perceived as favorable to their interests.<\/p>\n

Following Trump\u2019s election victory, the administration embraced a crypto-friendly approach. Trump appointed an \u201cAI and crypto czar,\u201d initiated the establishment of a strategic Bitcoin and digital assets reserve<\/a>, and effectively diminished the regulatory enforcement capabilities of key agencies, including the SEC and the Commodity Futures Trading Commission (CFTC).\u00a0<\/p>\n

Notably, the SEC has since dropped lawsuits against several donors to Trump\u2019s inauguration fund, including prominent names like Coinbase, Crypto.com, Uniswap, Yuga Labs, Kraken, and Ripple.<\/p>\n

\"Ripple\"<\/p>\n

At the time of writing, Ripple-backed token XRP, trades at $2.0835, key support for the cryptocurrency\u2019s future price movements after a sharp drop toward $1.61 on April 7.<\/p>\n

However, on a monthly basis, XRP is down nearly 13% as Trump\u2019s tariff policy has taken a notable toll on risk assets and broader crypto prices.<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A recent report by Fortune highlights President Donald Trump\u2019s inauguration week as the most extravagant in history, fueled by an unprecedented $239 million in donations from corporate backers and executives, including key crypto players like Ripple Labs.\u00a0 Pilgrim\u2019s Pride Tops Donations At $5 Million, Followed By Ripple Among the contributors, the cryptocurrency sector emerged as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-23177","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23177"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23177\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}