Odaily Planet Daily News According to Fortune magazine, the US Federal Election Commission documents show that US President Donald Trump held the most luxurious inauguration event in history, thanks to a record $239 million in donations from corporate supporters and executives. A considerable portion of the funds came from the crypto industry, which has been one of Trump's most active supporters: crypto companies and their executives donated $18 million to the inauguration of the 47th US President.
Among all donors, Ripple Labs donated the highest amount, nearly $4.9 million, ranking second. Ripple has been engaged in a long-running lawsuit with the US Securities and Exchange Commission (SEC). Pilgrim's, one of the world's largest poultry producers, topped the list with a donation of $5 million.
Online broker Robinhood (a considerable part of its revenue comes from crypto trading) donated $2 million. Other major donors included some of the industry’s top companies, such as trading platforms Coinbase, Kraken and Crypto.com; stablecoin issuer Circle (which recently filed to go public); and venture capital giant Paradigm, whose assets under management are close to all-time highs in 2024, both of which donated $1 million.