Crypto firms gave $18M to Trump’s inauguration. Ripple’s $4.9M gift was second biggest overall

President Donald Trump had the most priest opening week in history, thanks to a record worth $ 239 million in donations from supporters and executives, according to Sunday to the Federal Electoral Committee. A large part of the encryption industry, which was one of the most supportive supporters of Trump: gave encryption companies with $ 18 million of opening donations to the President 47. Among the other senior donors are oil companies such as Exxon Mobil and large technology companies such as Google and the Lobby Group for the American Vaping Industry.

Ripple Labs, who fought the Securities and Stock Exchange Committee in a long -term court case, led the package by about $ 4.9 million. Ripple donated was the second largest than all donors. Pilgrim’s, one of the largest poultry producers in the world, gave more than $ 5 million donation.

Robinhood donated online mediation to make a large percentage of its revenue from the encryption trade, two million dollars. Among the other adult donors are some higher names in the industry, including Coinbase, Kraken and Crypto.com. The Stable Issuer Circle, which recently advanced the audience, and the Titan Paradigm, which witnessed its assets under management rose to the nearby heights in 2024 million dollars each.

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While many encryption companies have already revealed their donations to Trump’s inauguration, the Sunday file clarifies the full range of the industry by overwhelming the president with criticism.

During the era of former President Joe Biden, the Securities and Stock Exchange Commission led a large -scale campaign in the encryption industry because it claimed that the majority of encrypted currencies are securities, or financial assets such as stocks and bonds that must adhere to strict disclosure systems. In the face of the lawsuit after the lawsuit, the executive co -encryption managers gathered an unprecedented war and spent more than 130 million dollars for the impact of congress elections and the election of pro -profit candidates.

CEOs for encryption gathered around Trump, who described himself as “a pro -captain president.” Tyler and Cameroon Winkelvos, founders of Crypto Exchant Guemi, pledged one million dollars each in the Trump re -election campaign. Kraken founder and President Jesse Powell also donated a million dollars.

After returning to the White House, Trump entered a friend of encryption. Related to artificial intelligence, Crypto CZAR, Bitcoin Reserve and Digital Assets Reservate, and supervised the nullification of encrypted litigation units in the Future Trading Committee for Commodities, the Ministry of Securities and the Stock Exchange, and the Ministry of Justice.

The Supreme Education Council has since refused to file or threaten lawsuits against donors to the Trump installation fund, including Coinbase, Crypto.com, UISWAP, Yuga Labs, Kaken and Ripple.

This story was originally shown on Fortune.com

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