Crypto Leaders Step Up Efforts to Gain Trump's Favor

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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.

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