The streaming giant is the last company to settle with the president after suspending his account in the wake of the 6 January attack in 2021.

As part of Monday’s settlement, YouTube will pay $22m to the Trust for the National Mall, a non-profit group that is aiming to raise $200m to build a new ballroom at the White House.

Another $2.5m will be paid to other organisations and individuals who joined Trump’s lawsuit, including the American Conservative Union.

YouTube is the latest major platform to settle with the president.

In January, Facebook’s parent company Meta agreed to a $25m settlement - with $22m earmarked for Trump’s presidential library.

A month later, social media platform X - a company that was purchased by Trump ally Elon Musk in 2022 - settled for a reported $10m.

All of Mr Trump’s social media accounts have since been reinstated.