• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Crypto Industry Actively Supports Donald Trump's Inauguration

user avatar

by Giorgi Kostiuk

4 months ago


The crypto industry is actively supporting Donald Trump's inauguration, highlighting the growing influence of digital currencies in the political landscape.

Major Players Invest in Inaugural Fund

Circle has contributed $1 million in USDC to Donald Trump’s Inaugural Committee. CEO Jeremy Allaire believes this demonstrates how far digital dollars have come. 'We are excited to be building a great American company. The fact that the Committee took payment in USDC is an indicator of how far we have come and the potential and power of digital dollars,' he noted. Other major donors included Google, OpenAI, and Meta, each contributing $1 million.

Crypto Giants Eagerly Donate Funds

It is clear that the crypto industry leads the support for Trump. According to FEC data, crypto-related political action committees raised $245 million during the last election cycle. Notable contributors included Cameron and Tyler Winklevoss of Gemini and Chris Larsen from Ripple. Companies like Coinbase and Kraken were also actively involved in supporting pro-crypto candidates.

Crypto Industry's Political Tactics

The crypto industry is learning from Big Tech's mistakes and actively influences political processes before elections. Unlike previous attempts, this time, the involvement of cryptocurrency in the campaign was multi-layered and effective. The main criterion for choosing candidates was their stance on the crypto industry: either support or opposition.

The involvement of the crypto industry in U.S. politics is becoming increasingly significant, demonstrating its growing role and influence in the country's economy.

0

Share

Other news

Meme Coins Under Pressure: TRUMP, ANDY and BTFD Coin

Explore current trends in meme coins, including BTFD Coin, TRUMP Coin and ANDY, and their impact on the market.

user avatarGiorgi Kostiuk

2 minutes ago

TRX Token Shows Unexpected Correlation with Bitcoin, Says Justin Sun

Justin Sun claims significant correlation between TRX and Bitcoin, leading to increased market interest and trading volume.

user avatarGiorgi Kostiuk

3 minutes ago

North Korean Hackers Innovate: Fake Crypto Firms for Data Theft

North Korean hackers from the Lazarus Group utilize fake crypto firms to spread malware and steal sensitive data.

user avatarGiorgi Kostiuk

4 minutes ago

Binance Announces Distribution of Sign (SIGN) Tokens for BNB Holders

Binance completed the distribution of Sign (SIGN) tokens through the HODLer Airdrops program for users who subscribed BNB.

user avatarGiorgi Kostiuk

5 minutes ago

MAGACOINFINANCE: Can a New Token Compete with Bitcoin?

An overview of MAGACOINFINANCE and its potential in the crypto market.

user avatarGiorgi Kostiuk

7 minutes ago

Liquidity Fragmentation in Crypto and How to Tackle It

Understanding liquidity fragmentation in crypto and new solutions for enhancing cross-chain interoperability.

user avatarGiorgi Kostiuk

18 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.