Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Trump White House Ballroom $300 Million Renovation Funded by Crypto Companies including Ripple, Tether
2025-10-24 11:44

Trump is demolishing the East Wing of the White House to make way for a magnificent ballroom. The president said the $300 million cost will not be borne by taxpayers but by private donors, including himself.

According to a list of donors released by the White House on Thursday, some of the largest US tech companies are on the list, including Amazon, Apple, Google, Meta, and Microsoft. Google's YouTube has agreed to pay over $20 million to the project. The cryptocurrency sector also performed well, with Ripple, Tether America, Coinbase, and the Winklevoss brothers (Cameron and Tyler appear on the list separately) all making donations. Defense and telecommunications giants such as Lockheed Martin, Comcast, T-Mobile, and Palantir also made the list. (The Verge)