The crypto industry, including companies like Ripple, Coinbase, Kraken, Circle, and Robinhood, has collectively donated over $10 million to Donald Trump's inauguration fund. These donations come after the industry spent hundreds of millions on Trump's campaign, hoping for a crypto-friendly administration. The companies, particularly Ripple, have also been granted a seat at the inauguration and have been invited to meet with Trump. Trump has already begun fulfilling his promises, and there are expectations of crypto-friendly executive orders during his first 100 days in office. On the other hand, Senator Elizabeth Warren has criticized the crypto industry's support for Trump, claiming that billionaires have bought the government's favor. The industry held the Crypto Inaugural Ball, featuring Snoop Dogg as the headliner, and other big tech companies like Amazon, Apple, Google, Microsoft, and Meta have also donated to the inauguration fund. Overall, the crypto industry is building a close relationship with Trump's administration, while facing criticism from some members of Congress, particularly Elizabeth Warren.



Other News from Today