Multiple cryptocurrency companies have donated to Trump's inauguration committee, and Ripple will donate $5 million in the form of XRP

ChainCatcher news, according to Fox Business, several cryptocurrency companies have donated to the Trump-Vance inauguration committee.

Among them, Ripple will donate $5 million in XRP, while Coinbase and Kraken will each donate $1 million. MoonPay has also confirmed its participation in the donations but has not disclosed the specific amount.

The inauguration committee has currently raised $200 million, surpassing Trump's record of $107 million from his first inauguration in 2017, as well as Biden's $62 million in 2021. Sources indicate that the total fundraising amount is expected to reach $225 million by inauguration day.