XRP News Update: Silicon Valley and Crypto Investors Back Trump’s Ballroom in Support of Pro-Digital Policies

President Donald Trump's initiative to build a privately funded ballroom at the White House has attracted widespread attention, not only due to the project's magnitude but also because of its diverse group of donors, which includes leading cryptocurrency companies and major technology corporations. According to White House representatives, the $300 million project—which will see a portion of the East Wing demolished to make way for a 90,000-square-foot ballroom—is being paid for entirely through private contributions and the president's own resources. The participation of firms such as Ripple,

, , and YouTube, which alone pledged $22 million, has ignited discussions about the role of corporations in political fundraising and the need for transparency, according to .

This undertaking has become a symbol of the cryptocurrency sector’s increasing alignment with the Trump administration. Executives from Ripple, Coinbase, and Tether were present at a prominent fundraising event for the ballroom, highlighting the digital asset industry’s efforts to build relationships with government officials. Ripple’s involvement, in particular, signals its growing influence in Washington, following previous record-breaking donations to Trump’s inauguration, as noted by

. Likewise, Tether America and Gemini’s founders Cameron and Tyler Winklevoss have joined the list of contributors, demonstrating the industry’s broader push to influence cryptocurrency regulations, according to .

Major technology companies have also made notable contributions. Amazon, Apple, Google, Microsoft, and Meta are among the donors, with Alphabet’s $22 million donation reportedly linked to a settlement that resolved Trump’s lawsuit over his YouTube account suspension after January 6, 2021, as reported by

. Additional supporters include defense industry leaders like Lockheed Martin and telecommunications giants such as Comcast and T-Mobile. While the administration insists that no public money is being used, opponents claim the project raises ethical concerns by providing symbolic acknowledgments—like engraved plaques—to donors, according to .

The scale of the ballroom has drawn criticism from preservationists and historians, who caution that such a large addition could compromise the White House’s historic architecture. The National Trust for Historic Preservation has requested a public review, arguing that the project "could irreversibly alter the carefully balanced classical design" of the residence, the

reported. Trump, on the other hand, has justified the demolition as essential for accommodating large gatherings, describing the construction noise as "music to my ears" and dismissing objections as overreactions from "unhinged leftists."

Political commentators interpret the project as a calculated effort by the crypto industry to strengthen its relationship with an administration supportive of digital assets. Trump’s recent pardons of crypto figures, such as Binance’s Changpeng Zhao, and his appointment of a pro-crypto SEC chair have already shifted the regulatory landscape. With a new market structure bill close to completion, industry leaders expect even more favorable policies, as previously mentioned by Crypto.News. Still, the direct financial involvement of crypto companies in a White House project marks a significant shift from traditional lobbying, prompting concerns about influence and responsibility, as earlier highlighted by Coin Edition.

As the ballroom approaches its expected completion in 2029, debates about its impact on governance and the relationship between corporations and politics are set to grow. For now, the project highlights the changing balance of power among Silicon Valley, Wall Street, and the White House.