Ripple has pledged $5 million worth of XRP to support the inauguration celebrations for President-elect Donald Trump and Vice President-elect J.D. Vance in January. 

Other crypto firms, including Coinbase, Kraken, and Ondo Finance, have also announced significant donations to the inauguration fund.

Crypto Companies Are Contributing Over $8 Million to Trump’s Inauguration

According to Fox Business reports, Coinbase and Kraken each contributed $1 million to the Trump-Vance Inaugural Committee. 

This committee is organizing a series of events, including galas, parades, and dinners, to celebrate the November election victory. The three-day celebration will take place around the January 20 swearing-in ceremony.

Meanwhile, Ondo Finance is also reportedly donating $1 million to the inaugural fund. The announcement follows ONDO’s all-time high at $2.14 earlier this week, fueled by a $250,000 investment from World Liberty Financial, a crypto project backed by Trump.

“Ripple Makes Record-Breaking Donation To Trump. Ripple just donated $5M in XRP to fuel Trump’s $200M inauguration stash. This is the biggest crypto donation ever made. Crypto’s not just an alternative investment vehicle anymore, we’re seeing it reshape the world of politics in real-time,” Mario Nawfal wrote on X (Formerly Twitter).

However, the donations come with several perks for these crypto leaders. Those contributing $1 million or raising $2 million will receive six tickets to exclusive events over the inauguration weekend. 

These events include a dinner with Trump and Vance and a reception with members of Trump’s incoming Cabinet, among other opportunities. This will allow the perfect opportunity for companies like Ripple and Ondo to establish a more favorable influence on the new government. 

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Author: Mohammad Shahid