- Big companies like Microsoft, Google, Adobe, and Meta, among biggest donors to Trump's inaugural fund
- Donors seek access to D. Trump via their support
- Crypto firms are also backing the fund, as Trump has vocalized his support for digital assets
Big companies like Microsoft, Google, Adobe, and Meta, among biggest donors to Trump's inaugural fund
President-elect Donald Trump will become a full-on leader of the US in less than two weeks. His supporters and significant American companies will fund the event.
The celebration will be held in January 20th and since November, when the Republican candidate was elected to become the leader of the country, various businesses and rich personalities have announced their donations to the fund.
Now, another announcement of donations, including big companies and crypto firms, has been released. Tech companies are pouring money into Donald Trump’s inauguration fund. Microsoft, Google (Alphabet), and Adobe donated $1 million to support the incoming president’s festivities. Spokespeople confirmed the donations on Thursday[1].
Besides having a difficult time with their own accident scandals, Boeing is among the major donors, pledging $1 million—the same amount it gave when Trump first took office in 2017. The US aviation giant confirmed the donation, as reported by the BBC.
Donors seek access to D. Trump via their support
Many business leaders are contributing to Trump’s inauguration fund, aiming for direct access to him and a potential seat on his planned crypto advisory council, expected to be formed soon after he takes office.
Besides donating millions, Google is also offering technical support for the event. The company will stream the inauguration on YouTube and feature a direct link on its homepage. These details were shared by Karan Bhatia, Google’s global head of government affairs and public policy[2].
The auto industry is also stepping in, with Ford, General Motors, and Toyota giving $1 million to the inaugural committee. Chevron has confirmed its donation in the energy sector, though it hasn’t disclosed the amount.
"Chevron has a long tradition of supporting inaugural committees from both parties as a way to celebrate democracy. We’re proud to continue that tradition this year," said Bill Turene, Chevron’s global media relations manager.
They join other tech giants like Amazon, Meta, and OpenAI CEO Sam Altman, who are also contributing. Microsoft previously gave $500,000 to inaugural funds in 2017 and 2021. Apple CEO Tim Cook is also donating $1 million, as reported by Axios. Apple has not commented.
Crypto firms are also backing the fund, as Trump has vocalized his support for digital assets
Bitcoin recently surged past $100,000 following his re-election. He is adamant about making the country pro-crypto and making severe regulations and law changes to become the cryptocurrency industry leader. His selection of cabinet members and other essential positions shows his determination.
The cryptocurrency industry is supporting Donald Trump’s inauguration, with major players donating millions. Circle CEO Jeremy Allaire announced on X (formerly Twitter) that his company contributed $1 million in USDC stablecoins. Other crypto firms, including Coinbase, Kraken, and startup Ondo, have each pledged $1 million as well[3].
Coinbase was among the first to donate, even before the election results were finalized. "We want to work with the administration and Congress to bring clear crypto regulations," said Coinbase VP of US Policy Kara Calvert. "That’s why we committed early to supporting President Trump’s transition and inauguration. We’re excited to work with the most pro-crypto administration in US history to shape the future of digital assets."
Ripple, which provides blockchain infrastructure for financial institutions, is also contributing in a big way, donating $5 million worth of XRP. The company’s XRP holdings have surged by over $85 billion since Trump’s re-election on November 5[4].
In addition to financial support, the crypto industry is organizing a high-profile event to celebrate Trump’s inauguration. BTC Inc. and Stand With Crypto will host an inaugural ball at the Andrew W. Mellon Auditorium in Washington, DC, on Friday, January 17, 2025.
Crypto leaders are also vying for a role in shaping the government’s approach to digital assets. A crypto advisory council is expected to be formed soon after Trump takes office, potentially including around two dozen CEOs and founders. Industry insiders see this as an opportunity to influence the administration’s crypto policies.
Trump’s inner circle, including David Sacks—who is set to become the White House AI and crypto czar—is still considering potential appointees for the council. With strong backing from the industry, the next administration is expected to be the most crypto-friendly in US history.
