Recent disclosures filed with the Senate reveal that the cryptocurrency industry actively participated in funding Donald Trump's inauguration. Coinbase, Crypto.com, Galaxy Digital, and Kraken were among the major contributors.
Major Cryptocurrency Donations
Cryptocurrency companies such as Coinbase, Crypto.com, Galaxy Digital, Paradigm Operations, and Kraken each donated $1 million to Donald Trump's inauguration. Robinhood was the largest donor with a $2 million contribution. These donations highlight the increasing influence of the crypto industry in Trump's administration.
Appointments and Influence
Donald Trump appointed David Sacks as the 'crypto czar' to lead initiatives on regulatory reform and the promotion of digital finance technologies, reflecting a strategic focus on the development of a national digital asset reserve.
Donors from Other Sectors
In addition to the crypto industry, Trump received significant donations from Chevron Corp., Oklo Inc., Hanwha Q Cells America Inc., and GE Vernova. Platforms like Amazon and Meta, as well as Goldman Sachs and major healthcare companies, each contributed $1 million. These donations reflect businesses' expectations of favorable policies.
In aggregate, cryptocurrency and traditional industries have invested substantial amounts in Donald Trump's inauguration, emphasizing their interest and influence over future policies.
