A surge in crypto industry involvement in U.S. political financing is becoming increasingly visible, as digital asset firms appear alongside major corporations on donor rolls supporting high-level government projects. The White House provided a list on Oct. 23 detailing the individuals and corporations contributing to the $300 million construction of a new presidential ballroom. This expansion follows the full demolition of the East Wing and marks the most significant alteration to the White House exterior since the 1940s.

Crypto-linked donors featured prominently on the list. Coinbase (Nasdaq: COIN), Ripple, and Tether were among the named corporations, alongside individual contributors such as Cameron and Tyler Winklevoss, co-founders of the crypto exchange Gemini. Also listed was Charles Cascarilla, CEO and co-founder of Paxos, a blockchain infrastructure provider. Their inclusion signals the sector’s growing intent to influence policy at the federal level.

“It won’t interfere with the current building. It won’t be. It’ll be near it but not touching it – and pays total respect to the existing building, which I’m the biggest fan of,” Trump said in July. “It’s my favourite place. I love it.”

The remainder of the donor list includes some of the largest entities in tech, finance, and defense: Amazon, Apple, Meta, Google, Microsoft, and Lockheed Martin, along with Comcast, the parent company of NBCUniversal. Wealthy individuals such as Stephen A. Schwarzman of Blackstone and Intercontinental Exchange CEO Jeff Sprecher, as well as former U.S. Senator Kelly Loeffler, were also listed. While critics caution against the influence of private capital in presidential infrastructure, crypto proponents argue that political participation is vital for regulatory clarity and long-term industry growth.

• Why are crypto firms donating to the White House expansion?
  Crypto companies are funding the project to strengthen political relationships, enhance industry visibility, and secure long-term influence in shaping U.S. regulatory policy.
• How much is the White House expansion project worth?
  The project is valued at $300 million, marking the largest physical change to the White House since the 1940s.
• Which crypto organizations are contributing to the project?
  Key crypto donors include Coinbase, Ripple, Tether, and Paxos, along with individuals like the Winklevoss twins of Gemini.
• What impact could this have on crypto regulation?
  The involvement of crypto firms in national projects may accelerate regulatory clarity and boost the industry’s legitimacy within federal institutions.

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