Crypto Industry Pours Millions into Trump’s Inaugural Committee
The Cryptocurrency idustry poured millions of dollars to President Donald Trump’s inaugural committee via donations. Recent disclouser filed with the Senate Office of Public Records reveal contributions from Coinbase, Crypto.com, Galaxy Digital, Kraken and many more crypto firms.
Once a skeptic, Trump has since embraced crypto as an investor, entrepreneur and political fundraiser. These donations signifies increasing crypto industry’s influence under Trump’s administrations.
Coinbase, Crypto.com, Galaxy Digital, Paradigm Operations and Kraken, each gave $1 million, while Robinhood contributed $2 million, according to the Bloomberg report. Among large supporters of his campaign include venture capitalists Marc Andreessen and Ben Horowitz and billionaire Winklevoss twins.
Trump appointed Davis Sacks as crypro czar in the first week to lead a task force focusing on regulatory reforms and promoting digital finance technology, including the development of a national digital asset reserve
