While the Trump administration has yet to release a full list of donors, a picture of donors and companies funding the project is beginning to emerge.

Amazon, Apple, Microsoft, Google and Meta are just some of the corporate sponsors for the $300 million grand hall in the gilded style of the president’s Mar-a-Lago club.

Coinbase CEO Brian Armstrong would meet with Senate Democrats, Republicans, and White House officials. Coinbase CEO Brian Armstrong said he is heading to Washington, D.C., to meet with Senate Democrats, Republicans, and White House officials as momentum builds for long-awaited crypto market structure legislation.

Crypto giants including Ripple (CRYPTO: XRP ), Coinbase (NASDAQ: COIN ), Tether (CRYPTO: USDT ), and the Winklevoss twins' Gemini are among key donors helping fund President Donald Trump 's new White House ballroom project.

Changpeng Zhao helped finance the president’s stablecoin and helped put money in the Trumps' pockets, all while lobbying for a pardon. Evidently, it worked.

Trumps family crypto company, World Liberty Financial, secured $2B from the UAE, just as Trumps White House greenlit chip sales to them. Dan Abrams breaks down how Trump blurred business and policy while denying any conflict of interest.

Secondly, as larger institutions have developed and deployed crypto and other on-chain products and services, the risk tolerance of these newer investors may be lower than more veteran players, which might have compounded the sell-off.

During his remarks at the White House in July, President Trump admitted that he knows absolutely nothing about crypto. Trump asked, "I don't know; what do you think?"