Coinbase Leads Major Cryptocurrency Donations to Trump’s Inaugural Committee, Exceeding 2017 Contributions

In a recent filing to the Senate, it has come to light that the Trump U.S. Presidential Inaugural Committee has garnered significant financial backing from prominent players in the cryptocurrency sector. Major firms, including Coinbase, Crypto.com, Galaxy Digital, and Paradigm Operations, each contributed $1 million to the committee. Additionally, Robinhood Markets has made a notable donation of $2 million. This fundraising effort is projected to surpass the financial support received during the 2017 inaugural ceremony, indicating a growing influence of the crypto industry in political funding. The Inaugural Committee is scheduled to release a comprehensive list of all contributors to the Federal Election Commission (FEC) by April 19th, potentially altering the landscape of political donations further intertwined with the cryptocurrency market.