Crypto companies including Ripple and Tether among funders of Trump's $300 million White House ballroom renovation
On October 24, according to The Verge, Trump is demolishing the East Wing of the White House to make room for a lavish banquet hall. The president stated that the $300 million cost will not be borne by taxpayers, but instead by private donors, including himself. According to the list of donors released by the White House on Thursday, some of the largest tech companies in the United States are included, such as Amazon, Apple, Google, Meta, and Microsoft. YouTube, a subsidiary of Google, has agreed to contribute more than $20 million to the project. The cryptocurrency sector has also performed well, with Ripple, Tether America, a certain exchange, and the Winklevoss brothers (Cameron and Tyler are listed separately) all making donations. In addition, defense and telecommunications giants such as Lockheed Martin, Comcast, T-Mobile, and Palantir are also on the list.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
