Crypto firm Ripple, which is currently embroiled in a high-profile lawsuit with the U.S. Securities and Exchange Commission, has donated $5 million in XRP tokens to Trump’s inauguration, while Coinbase, America’s largest registered crypto exchange, has given $1 million to the inauguration fund.

Many of crypto’s top firms have eagerly lined up to fund parties and events surrounding President-elect Donald Trump's inauguration.

The inauguration of President-elect Donald Trump, scheduled for January 20th, is less than two weeks away and it is considered a noteworthy event in the cryptocurrency market.

Pro-crypto investors spent millions to re-elect Donald Trump to the US presidency, after he told voters he wanted to make America the “crypto capital of the planet”. As the second Trump administration begins, what does the crypto sector want most? And, what are the risks if they get it?

President-elect Donald Trump was once skeptical of digital assets, saying Bitcoin “seems like a scam” and that crypto’s value was “based on thin air.”