Ripple’s Massive Donation to Trump Inauguration Sparks Scrutiny

The start of President Trump’s second term has been marked by turbulence for the cryptocurrency sector. While Bitcoin surged to its highest point at $109,000 in the initial days, the crypto market also experienced lows near $70,000 due to fears fueled by tariffs and global market volatility. Despite progress in regulatory landscapes and stronger ties with the industry, the economic uncertainty caused by the global trade war has resulted in market instability. 💰 💸 📈 However, President Trump enjoyed strong support from crypto heavyweights who donated millions to his inauguration fund. According to recent filings from the Federal Election Commission (FEC), several leading digital asset firms contributed over $18 million. Ripple Labs stands out as the biggest donor, contributing approximately $5 million (AUD $7.8 million). Pilgrim’s Pride Corp, a U.S.-based poultry producer, led the pack with its donations of $2.6 million. Companies such as Coinbase, Ripple Labs, Kraken, and others contributed seven-figure sums to the Trump inauguration fund.