Ripple and Other Crypto Firms Donate Over $10 Million to Trump Inaugural Fund Amid Council Formation

COINOTAG News reports that since the recent election, prominent cryptocurrency firms such as Ripple, Coinbase, Kraken, Robinhood, and Circle have collectively contributed upwards of $10 million to the Trump Inaugural Fund. These substantial donations are earmarked for lavish official events scheduled during the inauguration festivities. As preparations intensify for the new administration’s commencement, executives from these digital asset firms have also actively engaged with policymakers in Washington.

A focal point of interest within the cryptocurrency sector is the digital asset advisory council that President Trump has promised to establish. This council is set to be headed by David Sacks, an expert in cryptocurrency and artificial intelligence, alongside Bo Hines, a former congressional candidate from North Carolina. According to an anonymous Washington lobbyist specializing in cryptocurrency, there is fierce competition among industry leaders who are keen to secure a position on this influential council.