Coinbase and Kraken Each Donate $1 Million to Trump's Inauguration

Source
Doohyun Hwang

Summary

  • Coinbase and Kraken each donated $1 million.
  • Ripple announced it would deliver $5 million worth of XRP.
  • The expectation for Trump's pro-cryptocurrency policies is drawing industry attention.

The virtual asset (cryptocurrency) industry is pouring money into the inauguration of U.S. President-elect Donald Trump.

According to Fox Business on the 20th (local time), cryptocurrency exchanges Coinbase and Kraken each donated $1 million to Trump's inauguration. Ripple is also reportedly set to deliver $5 million worth of XRP.

This donation is interpreted as reflecting the industry's expectations for President-elect Trump's pro-cryptocurrency policies. Meanwhile, Trump will be inaugurated as the 47th president on January 20 next year.

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Doohyun Hwang

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