"Trump Inauguration Raises Millions from Crypto Industry... Coinbase and Robinhood Also Contribute"
Minseung Kang
Summary
- It is reported that Trump's inauguration committee received millions of dollars in donations from the cryptocurrency industry.
- Major cryptocurrency companies like Coinbase and Robinhood reportedly donated millions of dollars each.
- It was announced that a related task force will be formed to review digital asset regulatory reforms and plans.
It is reported that the inauguration committee of U.S. President-elect Donald Trump has received millions of dollars in donations from the cryptocurrency industry.
On the 31st, Bloomberg, citing documents recently submitted to the U.S. Senate, reported, "For Trump's inauguration, companies such as Coinbase, Crypto.com, Galaxy Digital, Paradigm Operations, and Kraken each donated $1 million (approximately 1.45 billion KRW). Robinhood Markets also contributed $2 million."
The media added, "President Trump appointed David Sachs as the crypto czar and formed a task force involving key cabinet members," stating, "The task force is expected to review U.S. digital asset regulatory reforms and digital asset reserve plans."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)