As the inauguration day of President-elect Donald Trump (January 20) approaches, a number of leading cryptocurrency companies in the U.S. have poured millions of USD into funding this event to build political influence and promote their image during a historic period for the blockchain industry.

List of companies and notable contributions

1. Ripple

#RİPPLE leads with a donation of 5 million USD in XRP. This is part of Ripple's ambitious political strategy to promote blockchain adoption and seek support from the new administration. Previously, CEO Brad Garlinghouse and Legal Director Stuart Alderoty met with Trump to discuss the future of the industry.

2. Robinhood

The popular trading app #Robinhood has contributed 2 million USD. A company representative stated that they expect the Trump administration to promote “reasonable regulatory reform, support innovation, and enhance market access for investors.”

3. Circle

The USDC stablecoin issuer has donated 1 million USD in USDC, marking a significant step as cryptocurrency is accepted as an official form of payment. CEO Jeremy Allaire expressed optimism: “This is a testament to the potential of digital dollars in the future.”

4. Moonpay and Ondo Finance

Moonpay, a digital payment platform, and Ondo Finance, an asset tokenization company, each donated 1 million USD. Notably, Ondo Finance is known for tokenizing US government bonds, creating a new trend for the financial market.

Impact on the cryptocurrency industry

  • Expanding political influence: These donations are not just contributions; they are also ways for cryptocurrency companies to build relationships with the government, facilitating the promotion of blockchain-friendly policies.

  • Wider acceptance: The acceptance of USDC as a funding payment shows the massive potential of stablecoins in the digital economy.

Conclusion

With these huge donations, the cryptocurrency community is asserting its growing role in American politics. This is not just an opportunity to promote the blockchain industry but also opens up new discussions on policy during the upcoming Trump presidency. #anhbacong