- Crypto giants Ripple, Coinbase, and Tether join Trump’s privately funded White House ballroom project.
- YouTube contributes $22M settlement to Trump’s ballroom plan amid rising tech and crypto donor presence.
- Fundraiser highlights growing political involvement of digital asset firms in U.S. government affairs.
Major cryptocurrency players, including Ripple, Coinbase, Tether, and the Winklevoss twins (Gemini co-founders), have signaled deepening alignment with President Donald Trump’s administration by contributing to and attending a high-profile fundraiser for a privately funded expansion of the White House.
This move, centered around building a new ballroom, starkly illustrates the crypto industry’s growing political engagement under a President perceived as favorable to digital assets.
Ripple, Coinbase, Tether Signal Support at Trump Fundraiser
An exclusive gala held Wednesday evening saw executives from top crypto firms – Ripple, Coinbase, Tether, and Gemini – mingling with senior figures from traditional finance and big tech. Their presence underscores a strategic effort by the digital asset industry to cultivate influence within the current administration, particularly as regulatory frameworks for crypto remain actively debated.
Ripple’s participation is especially notable, aligning with the “Ripple Steps Into Politics” theme as the company increases its visibility in policy discussions.
While representatives from tech giants like Google, Microsoft, Amazon, Apple, Meta, and Palantir also attended, the strong showing from leading crypto exchanges and issuers highlights the sector’s deliberate push for political relevance.
Crypto Industry Deepens Ties with Pro-Crypto Trump Administration
The fundraiser supports the construction of a 90,000-square-foot ballroom as a “modern addition” to the White House East Wing. Administration officials state the project, designed to host 1,000 guests with advanced security features, relies entirely on private donations, with no taxpayer funds involved.
President Trump reportedly confirmed at the event that construction costs were “fully covered,” thanking donors for their “tremendous support.” This direct financial backing of a White House initiative by major crypto firms represents a significant step in the industry’s efforts to build relationships with policymakers seen as allies, moving beyond traditional lobbying into direct patronage.
YouTube’s $22M Settlement Also Contributes to Project
Adding another layer to the funding discussion was the mention of a $22 million contribution from YouTube. This payment is reportedly linked to a settlement resolving Trump’s lawsuit against the platform over his account suspension following the January 2021 Capitol events. While distinct from crypto donations, it underscores the event’s role as a nexus for high-stakes interactions between the administration and major corporations.
The gala serves as a clear indicator of the crypto industry’s evolving strategy: actively participating in the political establishment and backing initiatives associated with perceived allies like the Trump administration, even as questions about influence and transparency persist.
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