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Ripple’s XRP Donation Ranks Second-Largest in Trump’s Inauguration Fund
New FEC filings confirm Ripple’s $4.89 million donation in XRP was the second-largest contribution to Donald Trump’s inauguration fund, trailing only behind Pilgrim’s $5 million. Overall, Trump raised a record $245 million for his second inauguration—more than double his 2017 figure and four times what Biden raised.
The crypto sector collectively contributed $18 million, with Ripple leading the pack. Other notable crypto donors included Robinhood ($2M), Circle, Coinbase, Galaxy Digital, Solana Labs, and others ($1M each).
Ripple’s support extended beyond the event, with its chairman donating $1M in XRP to Kamala Harris, and Chief Legal Officer Stuart Alderoty contributing over $500K in XRP to Trump.
The industry’s support reflects a shift toward Trump due to his pro-crypto stance, especially after regulatory hostility under the Biden administration. Trump has since appointed Paul Atkins as SEC Chair, and lawsuits against firms like Coinbase and Ripple have been paused as settlements are explored.