According to Fox Business, major cryptocurrency companies have entered the political arena by making significant donations to Donald Trump’s inauguration fund, with the three largest companies alone contributing $7 million.
Exchanges Coinbase and Kraken have each donated $1 million to Trump’s inauguration committee and his vice president, J.D. Vance. Ripple has also pledged $5 million in XRP tokens to the committee.
Kara Calvert, Coinbase’s vice president of policy in the US, said the company is committed to working with the US government and both parties to create regulatory transparency in the cryptocurrency space.
Arjun Sethi, co-CEO of Kraken, also said that this is the first time a president has taken office who understands the potential of new technologies.

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