Crypto Leaders Donate Millions to Trump’s Inaugural Fund

As the inauguration of President-elect Donald Trump approaches, the cryptocurrency sector is making significant financial contributions to secure a seat at the policy-making table. The latest entrant, Circle, led by CEO Jeremy Allaire, has donated $1 million in tokens to Trump’s inaugural committee, joining a growing list of prominent crypto supporters.

Allaire announced the donation on X, emphasizing Circle’s commitment to fostering a constructive relationship with the incoming administration. This move aligns Circle with other major crypto entities like Coinbase and Kraken, which have already contributed substantial amounts to the inaugural fund.

With the inauguration less than two weeks away, the rush among crypto leaders to establish ties with the new government is intensifying. Key industry figures are vying for positions on a forthcoming crypto advisory council, which is expected to include about two dozen CEOs and founders. This council is anticipated to play a pivotal role in shaping the administration’s approach to digital assets.

Source: @jerallaire post on X

Several potential appointees have already engaged with Trump in recent months. Notable meetings include discussions with Kris Marszalek, CEO of Crypto.com, and Brad Garlinghouse of Ripple, focusing on the future of the industry and regulatory challenges.

The substantial donations from industry giants like Coinbase, Kraken, and Ripple underline the sector’s intent to influence policy decisions. Their contributions signal a strategic push to align with the incoming administration’s anticipated regulatory framework for digital currencies.

In a show of solidarity, the crypto industry is organizing the “Inaugural Crypto Ball” on January 17 in Washington. This high-profile event aims to demonstrate the sector’s support for Trump’s presidency. Tickets are priced at $2,500, with sponsorship from major crypto firms including Coinbase, Kraken, and MetaMask.

This surge in activity underscores the cryptocurrency industry’s determination to cement its place in the political landscape, hoping to steer future digital asset policies in a favorable direction.