Executives from Galaxy Digital and Ripple reportedly provided financial support to MoonPay ahead of the platform’s involvement in launching a Trump-themed cryptocurrency. The funding arrangement, which has drawn attention from the crypto industry, suggests high-profile backing for MoonPay’s expansion into politically charged digital assets.
According to sources, the investment was made prior to MoonPay’s facilitation of the Trump-related token, raising questions about the extent of institutional involvement in politically affiliated crypto projects. While neither Galaxy nor Ripple executives have publicly commented, the funding underscores the increasing intersection between traditional crypto firms and controversial token launches.
MoonPay, known for its role in simplifying crypto transactions, has not disclosed whether the funding influenced its decision to support the Trump token. However, the move highlights the growing trend of political figures leveraging blockchain technology to engage with supporters and raise funds.
As the crypto market continues to evolve, regulatory scrutiny over such projects is expected to intensify. The involvement of major industry figures in politically linked cryptocurrencies may set a precedent for future campaigns and fundraising efforts in the digital asset space.
