In this news:
Major players in the cryptocurrency industry have made substantial donations to President-elect Donald Trump‘s inaugural fund.
What Happened: Companies such as Ripple, Coinbase, Kraken, Robinhood, and Circle have collectively donated a minimum of $10 million to the inauguration fund since Election Day.
According to a report by Politico, these contributions will be used to finance official events related to the inauguration, symbolizing the industry’s support for Trump, who is anticipated to be the first U.S. president with a clear pro-crypto stance.
The cryptocurrency industry also hosted a sold-out unofficial inaugural ball on Friday night at the Andrew W. Mellon Auditorium in Washington. The event, which included Snoop Dogg as a musical guest, was partly organized by David Bailey, who manages a Bitcoin conference where Trump was a speaker last summer.
