Ripple Labs Leads Crypto Industry Donations to Trump’s Historic Inauguration with $4.9 Million Contribution

COINOTAG News reported on April 22nd that recent disclosures from the Federal Election Commission reveal that former U.S. President Donald Trump organized an inauguration event worth a staggering $239 million, primarily funded by corporate sponsors. This fundraising effort saw a notable influx of support from the crypto industry, with over $18 million contributed to Trump’s 47th Presidential inauguration. Among the substantial contributors was Ripple Labs, which donated nearly $4.9 million, highlighting its commitment despite ongoing litigation with the U.S. Securities and Exchange Commission (SEC). Pilgrim’s, a leading poultry producer, emerged as the top donor with a $5 million contribution, while Robinhood, significantly reliant on crypto trading, provided $2 million. Other prominent contributors included major platforms like Coinbase, Kraken, and Crypto.com, alongside Circle, which has recently filed for an IPO, and Paradigm, both donating $1 million amidst a robust growth forecast for 2024.