Crypto Bigwigs Fund Trump's Inauguration, Allegedly Reap Rewards
Trump's Inauguration Secured $85 Million from Cryptocurrency Companies: What Was the Return?
In a fresh report, it's been discovered that over 15 crypto heavyweights have given more than $100,000 each to President Trump's Inauguration, totaling a whopping $85 million.
These moguls, such as Coinbase, Crypto.com, Uniswap, Yuga Labs, and Kraken, have discovered a golden opportunity in Trump's administration.
Trump's accessible stance on crypto regulations earned him the nickname of "Crypto President." His Inauguration events even featured a extravagant "Crypto Ball."
Since taking office, Trump and his family have been embroiled in numerous crypto scandals. These donations could potentially be linked to these controversies.
Here's a breakdown of how these crypto titans have allegedly profited from their generous contributions:
- Closed Investigations: More than half of these crypto whales had ongoing investigations or lawsuits by the SEC that were magically dropped since Trump took office. While this could be due to a change in the SEC's stance, being in good graces with the President probably sped up the process.
- Listing Approvals: Galaxy Digital, for example, recently went public, a significant regulatory milestone that could be attributed to Trump's Presidency. Other companies like Crypto.com and ONDO also secured direct financial partnerships with Trump family-tied businesses.
- Market Boost: Anticipating a crypto boom under Trump, Ripple's CEO made some smart calls. XRP, Solana, and Cardano were unexpectedly included in the U.S. Crypto Reserve, all of which were major donors to Trump's Inauguration.
- Exclusive Access: Donors like Multicoin and Paradigm were granted exclusive invitations to Trump's Crypto Summit, while prominent groups like the Ethereum Foundation were left out in the cold.
All this raises serious allegations of corruption in Trump's crypto connections. While some accusations lack solid evidence, the crypto world has undeniably altered under Trump's reign, for better or worse.
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- The crypto heavyweights Coinbase, Crypto.com, Uniswap, Yuga Labs, and Kraken have reportedly donated over $100,000 each to President Trump's Inauguration, amounting to a total of $85 million.
- These crypto leaders, who have earned Trump the nickname of "Crypto President," have discovered significant opportunities in his administration, with the Inauguration even featuring a lavish "Crypto Ball."
- Trump's lenient stance on crypto regulations has been a key factor, as he has been linked to numerous crypto scandals since taking office.
- Prospects of profit from their generous contributions have allegedly materialized for these crypto titans, such as closed investigations, listing approvals, market boost, and exclusive access.
- For instance, Galaxy Digital, a company that recently went public, may have secured this regulatory milestone due to Trump's Presidency, while Crypto.com and ONDO have secured direct financial partnerships with Trump family-tied businesses.
- Ripple's CEO made smart moves, anticipating a crypto boom under Trump, as XRP, Solana, and Cardano, all major donors to Trump's Inauguration, were unexpectedly included in the U.S. Crypto Reserve.
- Donors like Multicoin and Paradigm were granted exclusive invitations to Trump's Crypto Summit, whereas the Ethereum Foundation was purportedly left out in the cold, raising allegations of corruption in Trump's crypto connections.
