Tech and Crypto Giants Fund White House Ballroom
Fortune magazine reports that 37 donors, including Silicon Valley and cryptocurrency firms, funded the new White House ballroom with contributions from Meta, Ripple, and Gemini co-founders.
This collaboration highlights increasing crypto integration in political philanthropy, marking further institutional acceptance yet no direct market impact on related cryptocurrencies like USDT and XRP.
Fortune reports that the funding for the White House ballroom includes donations from 37 donors, including prominent tech firms and crypto companies like Tether America and Ripple. This marks one of the most extensive collaborations between the tech industry and U.S. governmental projects.
Despite the high-profile involvement, there hasn't been any immediate market reaction or significant statement from leading figures in the cryptocurrency sector. Some crypto leaders tend to withhold public comments on such philanthropy-backed funding, with Ripple and Tether America focusing on their product developments instead.
"A total of 37 donors provided funding for the new White House ballroom, including major Silicon Valley tech firms and key cryptocurrency companies." — Fortune Reporter
Crypto's Rising Role in Political Engagements
Did you know? In 2021, crypto leaders donating to political causes saw temporary boosts in industry legitimacy, yet this did not significantly impact token prices, establishing a non-financial role of crypto in political engagements.
Tether USDt (USDT) maintains a stable price of $1.00 as of 03:30 UTC on October 27, 2025. The cryptocurrency exhibits a market cap of formatNumber(183149237016, 2), representing 4.70% market dominance. Despite recent funding-related activities, USDT saw a 1.64% decrease in price over the last 24 hours, with substantial trading volumes reported.
Coincu research team comments on the growing participation of crypto firms in political causes, highlighting the potential financial and regulatory outcomes. As crypto engages more with governmental engagements, it may lead to increased regulatory scrutiny, though it simultaneously enhances the industry's public engagement and institutional acceptance.