According to a new report, 15 companies and individuals in the cryptography industry donated more than $ 100,000 to the inauguration of President Trump, totaling more than $ 85 million.
Almost all of these companies have apparently received direct or indirect advantages from Trump administration. This includes abandoned legal proceedings, lucrative commercial partnerships, participation in the top of Trump cryptography, etc.
The crypto industry has gone all on the inauguration of Trump
Since promised to provide more friendly regulations on the campaign track, Donald Trump has attracted a reputation as president of cryptography.
Trump’s inauguration festivities included a “cryptography ball” and several eminent companies have made donations for these events. Today, a report has compiled all the contributions related to the crypto of more than $ 100,000, revealing certain interesting facts.
Since his entry into office, President Trump and his family have been involved in eminent controversies of cryptography, and these donations can be linked to several of them.
For example, eight of the donors, Coinbase, Crypto.com, Uniswap, Yuga Labs, Kraken, Ripple, Robinhood and Consensys, have entered the surveys or prosecution against them since the start of Trump’s mandate.
The commission could have been heard anyway against these companies because of its changing position on the application of cryptography. However, being in the good books of the president probably helped the process.
Other alleged advantages for donors
In other words, almost half of the companies that have made donations to the inauguration of Trump have seen their legal problems clearing up quickly. This is not the only advantage linked to the regulations they would have received.
Circle, for example, recently made an IPO after declaring openly that Trump’s presidency made this possible. Galaxy Digital has received the approval of the dry for a major reorganization, a key step for a list of Nasdaq.
Other donors, such as Crypto.com and Ondo, have obtained more direct financial partnerships with companies associated with the Trump family.
Previously, The CEO of Ripple, Brad Garlinghouse, has planned a cryptographic upper market under Trump. In addition, XRP, Solana and Cardano were all included unexpectedly in the announcement of the American crypto reserve.
These three companies have made major donations to the inauguration of Trump.
It seems that most of the companies involved have obtained at least one kind of notable advantage of these gifts. Donors like Multicoin and Paradigm have received invitations at the top of Trump’s cryptography, while much larger groups such as the Ethereum Foundation have been snubbed.
Meanwhile, various Kols in industry and community members have already alleged major corruption in Trump’s cryptographic connections.
Although some allegations may lack substantial evidence, cryptographic space has radically changed under the new administration, for good and evil.
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