Crypto institutions including Coinbase, Kraken and Ripple donate to Trump inauguration

PANews reported on December 21 that according to Fox Business Channel, large cryptocurrency companies are joining large technology companies and many other companies in the United States to donate millions of dollars to President-elect Trump’s inauguration celebrations. Cryptocurrency exchanges Coinbase and Kraken each donated $1 million to the Trump-Vance inaugural committee to fund three days of lavish celebrations, parades and dinners. Blockchain payments company Ripple also plans to donate $5 million. All three companies confirmed the donations to FOX Business, and Coinbase said it was one of the first cryptocurrency companies to donate to the fund. Another cryptocurrency institution, digital asset payment provider MoonPay, will also donate to the fund but declined to disclose the specific amount. A source on the Trump-Vance inaugural committee said they are confident of raising $225 million before the inauguration.