Blockchain companies received at least $ 30 million from the US government

A number of leading cryptocurrency companies received payments from the US government as part of the Paycheck Protection Program (PPP) program for a total of up to $ 30 million. The relevant information was published by the Department of Small Business Affairs on the website of the US Department of Finance.

this is now up to 75 and at Least $ 30 Million after -axle Additional Diging 👀

(LRT for subtext) https: // t.CO/D4IVW7YABO

– Zack Seward 🥨 (@zacseward) July 7, 2020

PPP is included in the economy stimulation package approved by US Congress. Participants in the program are issued by irrevocable loans to preserve the salaries of employees in conditions caused by pandemia Covid-19 and temporary closing the business to prevent the spread of the virus.

More than 75 companies operating in the field of blockchain and cryptocurrencies were included in the new list. The total amount of payments for them amounted to at least $ 30 million. The exact amounts for each company are not disclosed on the department’s website, only the range available to them is known.

Ethereum Studio Consensys is one of the largest recipients in the industry. The project was allocated from $ 1 to $ 5 million in April.

In addition to him, companies such as Ledgerx cryptoderivat exchange, Ethereum wallet Myetherwallet, standing behind Cardano Iohk, Celcius Network and Polychain Capital, Gagarin News received payments.

The minimum amount of payments for all submitted companies amounted to $ 150,000.

Belonging to Tron Foundation Rainberry Inc, the parent company Bittorrent, also received from $ 2 million to $ 5 million. In view of this, the head of Justin San was criticized by industry representatives.

CEO Sino Global Capital Matthew Graham noted that the head of Tron did not have the need for money, but he still applied for payment. At the same time, there were other companies in the USA that really needed, but could not get help.

Justin Sun Took Epidemic Relief Funds Without Neeed and At a Time When Pekle that Were Suffering Get Help. That in China hee lied and told peeple the funds mean he has some kind of tacit approval from united states government. One of Most Disgusting Things I’ve Ever Seen. https: // t.CO/Z4hoHOHE7MQ

– Matthew Graham (@matitesino) July 7, 2020

“In China, he lied and told people that receiving funds means a certain approval by the US government. One of the most disgusting things that I have ever seen, ”he wrote.

Recall Tron Foundation announced $ 2 million under PPP in early May.