Crypto and Tech Giants Support Trump's Inauguration Fund

The crypto industry has significantly backed President Donald Trump's inauguration, with Circle donating $1 million in USDC and Ripple contributing $5 million in XRP, among other major donations from Coinbase, Kraken, and Robinhood. In total, the inaugural fund has raised over $170 million, reflecting a robust support from both tech and crypto sectors, with corporations like Microsoft, Google, and Boeing each donating $1 million as well. This financial backing aims to secure a favorable relationship with the administration, which is seen as pro-crypto, and to influence regulatory clarity in the sector. Notably, the donations also offer donors exclusive perks, including access to high-profile events with Trump and Vice President-elect J.D. Vance. As the inauguration approaches on January 20, the growing participation from various industries underscores the importance of political connections for future collaborations. The unprecedented scale of donations marks a new era of political funding in the U.S., particularly from the crypto realm.