Crypto Leaders Step Up Efforts to Gain Trump's Favor

user avatar

by Giorgi Kostiuk

2 years ago

As President-elect Donald Trump’s inauguration day draws near, top crypto industry CEOs are racing to secure access to the incoming administration.

Increased Activity Ahead of Inauguration

Jeremy Allaire, CEO of Circle, revealed that his company contributed $1 million in tokens to Trump’s inaugural committee, joining a growing list of crypto leaders seeking favor with the future president.

Appointments to the Crypto Council

With less than two weeks until the inauguration, industry executives are eagerly vying for a spot on a soon-to-be-formed crypto advisory council. This council, expected to include about two dozen CEOs and founders, will play a key role in shaping the administration’s digital-asset policies.

Many of the likely appointees already have close ties to Trump, having met with him in recent months.

Crypto Industry Prepares for the New Administration

Major players like Coinbase, Kraken, and Ripple have also made significant donations to Trump’s inaugural fund. On January 17, the industry will host the 'Inaugural Crypto Ball' in Washington, a high-profile event to show support for the incoming administration, backed by prominent crypto companies like Coinbase, Kraken, and MetaMask.

This flurry of activity highlights the crypto industry’s efforts to establish a strong connection with the new administration, hoping to shape future policies on digital assets.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

HTX Strengthens Global Compliance and Showcases at TOKEN2049

HTX has made significant strides in global compliance initiatives while participating in TOKEN2049, a major event in the crypto industry held in Singapore.

user avatarDiego Alvarez

SEC Files Charges Against Richard Heart for Fraud

The SEC charged Richard Heart and his entities with conducting unregistered offerings of crypto asset securities.

user avatarMaria Fernandez

HTX Marks 13th Anniversary with Major Celebrations and Trading Events

HTX celebrated its 13th anniversary with major events, including the Anniversary Carnival and Trading Championship 3, highlighting its resilience in the crypto market.

user avatarKenji Takahashi

Richard Heart Arrested in Istanbul on Interpol Charges

Richard Heart, founder of Hex cryptocurrency, was detained in Istanbul under an Interpol Red Notice for aggravated tax fraud.

user avatarGustavo Mendoza

MediaMarkt Saturn Ceases Sales of Ledger Devices Amid Security Concerns

MediaMarkt Saturn has stopped selling Ledger devices due to security concerns following a customer report of a hidden implant.

user avatarRajesh Kumar

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

user avatarMiguel Rodriguez

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.