Among the companies invited to the summit, Crypto.com, Kraken, and Paradigm gave $1 million to the inauguration effort. They were outdone by the trading platform Robinhood, which gave $2 million, and by Ripple, which gave $5 million worth of its custom crypto token.

Cryptocurrency exchange Coinbase also donated $1 million. During last year’s campaign, the company spread money around both parties, including a $1 million donation to a pro-Kamala Harris super PAC.

But the biggest item on Coinbase CEO Brian Armstrong’s spending list was a pro-crypto super PAC, Fairshake, that disproportionately spent money on GOP candidates. Its spending may have helped tip the Senate for Republicans. Coinbase said in October that it would give another $25 million to the super PAC to help tip next year’s midterm elections as well.

In total, Trump received at least $10 million donated by crypto interests to his campaign or super PACs supporting him, according to the tracking website Follow the Crypto.

  • graycube@lemmy.world
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    2 days ago

    The image of crypto as some sort of reel currency run by free spirits in hoodies is completely wiped out by this snapshot of old white guys in suits.