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

SEC Proposes New Custody Framework for Crypto Assets

The SEC has proposed a new custody framework for investment advisers and registered funds dealing with crypto assets, allowing for potential self-custody and the use of state trust companies as custodians.

user avatarArif Mukhtar

FINMA Approves First Swiss Retail Bitcoin ETF

Switzerland's financial regulator, FINMA, has approved its first retail ETF that invests directly in Bitcoin, allowing retail investors to gain regulated exposure to Bitcoin.

user avatarMaria Gutierrez

EIP7906 Proposal Considered for Enhancing Ethereum Transaction Safety

The Ethereum Foundation is considering EIP7906, which proposes a readonly post-transaction frame to evaluate changes and events before accepting transaction outcomes.

user avatarDavid Robinson

Ethereum Foundation Investigates Enhancements to Transaction Safety

Researchers at the Ethereum Foundation are examining native transaction assertions to enhance transaction safety and reliability in digital asset markets.

user avatarAndrew Smith

Ethereum Developers Delay Glamsterdam Upgrade on Hoodi Testnet

Ethereum developers have postponed the Glamsterdam upgrade initially scheduled for the Hoodi testnet on October 26, with no new activation date provided.

user avatarJacob Williams

Samsung and Solana to Enable Cross-Border USDC Transfers in Samsung Wallet

Samsung and Solana announced plans to integrate cross-border USDC transfers into Samsung Wallet, targeting 82 million US Galaxy devices.

user avatarZainab Kamara

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.