The encryption industry with $ 18 million contributed to the inauguration of Trump, rippling between senior donors
A recent report by Fortune highlights President Donald Trump’s inauguration week as the most exciting in history, and is fed by an unprecedented amount of $ 239 million in donations from companies and executives supporters, including the main encryption players such as Ripple Labs.
The pride of pilgrims leads donations with $ 5 million, followed by Ripple
Of ShareholdersThe cryptocurrency sector appeared as an important force, as it directed about $ 18 million to support Trump, and offered strong support for the industry to his presidency.
The driving package of encryption was Ripple Labs. According to the Blockchain payment company, about $ 4.9 million, making it the second largest donor in general, behind the pride of Bilgerim, who donated $ 5 million.
Among the other prominent shareholders of the Robinhood world, online mediation that generates large revenues from the encryption trade, which donated a million dollars.
In addition, major exchanges such as CoinbaseKraken, and Crypto.com, along with the StableCoin Circle and Venture Capital Paradigm model, each donated one million dollars, which increased the enhancement of the impact of the encryption industry in the political arena.
Trump’s friendly agenda for encryption
The political climate took a sharp turn during the era of President Joe Biden, whose administration was distinguished campaign In the encryption industry.
The Supreme Education Council claimed that many cryptocurrencies qualify as securities, which exposes them to strict regulatory requirements. This intense audit to the CEOs for encryption was pushed to mobilize large resources, as he spent more than $ 130 million to influence Congress elections and call for pro -quarter candidates.
On the other hand, the encryption sector found a strong ally in Trump, who declared itself “as president of profit.” Promise numbers in this industry, including Tyler and Cameron Winkelvos, the founders of Gemini, each pledged two million dollars for the Trump re -election campaign.
The founder and co -founder of Kraken, Jesse Powell, also contributed to a million dollars, reflecting the joint effort of the industry to support the candidate seen as favorable for their interests.
After Trump’s electoral victory, the administration adopted a friendly approach to encryption. Trump appointed “AI and Crypto CZAR”, began creating a strategic bitcoin and Digital asset reservesAnd effectively reduces organizational enforcement capabilities for major agencies, including SEC and the CFTC.
It is worth noting that SEC has since dropped lawsuits against many donors to the Trump installation box, including prominent names such as Coinbase, Crypto.com, Uniswap, Yuga Labs, Krakeen and Ripple.
At the time of this report, the distinctive Ripple -backed symbol is traded at $ 2.0835, which is the main support for future price movements of the encrypted currency after a sharp decrease of about $ 1.61 on April 7.
However, on a monthly basis, XRP decreased nearly 13 % because the Trump tariff policy has affected risk assets and wider encryption prices.
Distinctive image from Dall-E, Chart from TradingView.com
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