President-elect Donald Trump’s commitment to the blockchain industry has attracted support from major players in the industry.

Several major exchanges and DeFi projects have announced that they will donate significant amounts of money to Trump’s inauguration. The inauguration, which is scheduled to begin on January 20, will feature several celebratory events.

Ripple CEO Brad Garlinghouse has already held a face-to-face meeting with Trump, which sent the coin’s price through the roof.

Likewise, Coinbase CEO Brian Armstrong has managed to secure a similar interaction with the current US President.

Both have made significant donations to Trump.

Now, trading platform Kraken and tokenized DeFi project Ondo Finance have joined them, donating $1 million each.

Exclusive perks await sponsors at Trump’s inauguration. His inauguration promises to be a costly affair, with several high-profile events and celebratory dinners planned.

Donors will receive an invitation to a Sunday service that will coincide with the inaugural ball, and will even have the chance to mingle with members of Trump’s cabinet.

It will be a rich start to Trump’s second term, which the crypto industry hopes will bring sweeping reforms to the emerging Web3 world.

In early December, Garlinghouse announced a $5 million donation in XRP to the inauguration celebration.

And before Trump was officially declared the winner in November, Armstrong and Coinbase donated $1 million to the inauguration.

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