Ripple, Coinbase, Tether, and Gemini founders join major tech firms in financing President Trump’s $300 million privately funded ballroom project.
Crypto Leaders Among Top Donors
Crypto powerhouses Ripple, Coinbase, Tether, and Gemini founders Cameron and Tyler Winklevoss are reportedly among the prominent donors supporting President Donald Trump’s new White House ballroom, according to multiple media reports.
The donations mark another high-profile moment in the deepening relationship between the crypto industry and Washington, as Trump continues to position himself as a pro-digital asset president.
Major tech firms such as Apple, Google, Comcast, and Microsoft also appear on the donor list, though the exact contribution amounts remain undisclosed.
A $300 Million ‘Grand Vision’
The White House ballroom project, announced in July 2025, is described as a 90,000-square-foot addition capable of seating 650 guests. Construction began in September and is expected to be completed in late 2026.
The $300 million privately funded project has drawn both praise and criticism — with opponents questioning the demolition of the East Wing and the transparency of the approval process.
In a statement earlier this week, the White House dismissed the criticism, calling it “manufactured outrage” and defending the ballroom as “President Donald J. Trump’s visionary addition of a grand, privately funded ballroom to the White House.”
Crypto’s Expanding Political Influence
This latest move underscores the crypto industry’s growing political clout, especially after its heavy involvement in the 2024 U.S. elections that saw Trump reclaim the presidency.
Earlier in 2025, Tyler and Cameron Winklevoss donated 18 BTC to a pro-Trump PAC, while Circle, Ripple, and Coinbase contributed funds to Trump’s inaugural committee.
According to OpenSecrets, the Fairshake PAC—funded by major crypto firms including Ripple and Coinbase—raised over $200 million during the 2024 election cycle to back pro-crypto candidates.
The result: what many analysts are calling “the most crypto-friendly Congress in U.S. history.”
Adding to the political firestorm, Trump on Thursday issued a pardon for former Binance CEO Changpeng Zhao (CZ), who recently served four months in prison over anti–money laundering violations tied to Binance’s lax compliance systems.
The move further cements Trump’s image as crypto’s most outspoken ally, even as critics argue it reflects preferential treatment toward industry elites.
Disclaimer
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