A surprising mix of crypto executives and Silicon Valley giants are reportedly behind the financing of President Donald Trump’s new White House ballroom, a project estimated at $300 million and already sparking debate in Washington.
The grand ballroom – designed to host state functions and high-profile political gatherings – began construction in September 2025. According to several reports, it’s being financed entirely through private donations. But what’s turning heads is who is footing the bill.
Among the donors are some of the biggest names in digital finance: Ripple, Coinbase, Tether, and the Winklevoss twins, founders of Gemini. They’re joined by major U.S. corporations such as Apple, Google, Microsoft, and Comcast, highlighting a rare intersection of Wall Street, tech, and crypto interests converging on the Trump administration.
While the precise amount contributed by each entity remains undisclosed, sources say the combined effort underscores the growing political alignment between the crypto industry and the Trump White House, which has actively positioned itself as the global leader in digital asset innovation.
🚨 BREAKING:
Trump’s White House donor list just dropped and Ripple is right there among giants like Apple, Amazon, and Microsoft. 😏
Something big is aligning. #XRP💥 pic.twitter.com/vZUTqjk6Ao
— John Squire (@TheCryptoSquire) October 23, 2025
A Political Statement Dressed in Marble
Trump’s team has called the addition a “visionary expansion” of the presidential complex – a 90,000-square-foot space capable of seating more than 600 guests. Yet the project hasn’t been without controversy. The demolition of the East Wing to make room for the construction drew sharp criticism from opponents, who accused the administration of prioritizing spectacle over preservation.
The White House dismissed the backlash as partisan hysteria, stating that the ballroom is privately funded and poses no burden to taxpayers. Officials called it “a celebration of American craftsmanship and enterprise,” designed to embody the country’s “spirit of innovation.”
Crypto’s Political Clout Grows
The donations also spotlight how deeply intertwined the digital asset industry has become with U.S. politics. In recent years, Trump has cultivated close relationships with several crypto leaders, positioning himself as an advocate for blockchain technology and financial decentralization.
The connection isn’t new – earlier this year, Circle, Ripple, and Coinbase reportedly supported Trump’s inaugural committee, while Tyler and Cameron Winklevoss donated 18 Bitcoin to a pro-Trump super PAC. Those same networks helped drive massive political spending during the 2024 election, with crypto-backed PACs like Fairshake funneling over $200 million into congressional and gubernatorial races.
The result is a Washington now more favorable to digital assets than at any point in history – a shift that has fueled optimism among crypto firms seeking regulatory stability.
Symbolism Beyond Architecture
Trump’s ballroom may become more than just a venue for diplomatic receptions – stands as a symbol of crypto’s arrival at the heart of political power. The announcement came the same week Trump issued a presidential pardon for former Binance CEO Changpeng Zhao, a decision that deepened his reputation as a crypto-friendly leader.
For supporters, the new addition reflects the synergy between innovation, capital, and governance. Critics, however, view it as a monument to excess – an extravagant showcase of influence from industries seeking to cement their place inside Washington’s most exclusive circle.
Either way, the message is clear: crypto is no longer knocking on the door of U.S. politics – it’s already inside the ballroom.
