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

Trump and Vance's Inaugural Fund Attracts $170 Million with Crypto Industry Backing

user avatar

by Giorgi Kostiuk

a year ago

Major crypto industry companies have become key sponsors of President Donald Trump and Vice President-elect J.D. Vance's inaugural fund, raising over $170 million.

Crypto Industry Support

Circle, the second-largest stablecoin issuer, donated $1 million in USDC to the fund. Other significant contributions came from Ripple, Coinbase, Kraken, and Ondo Finance. Ripple's donation totaled $5 million in XRP, while the others contributed $1 million each.

Rewards for Donors

Fund donors will receive various perks such as gala tickets and private dinners with Trump and Vance. Those donating $1 million or more will gain exclusive access to high-profile events.

Impact on USDC Market

USDC's market cap has increased following Trump's re-election, driven by demand during the bull market. Tether's challenges in Europe have also enhanced USDC's appeal.

The crypto industry seeks greater support from the Trump administration on regulatory matters and plays a significant role in the political landscape.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Concerns Surrounding Ethereum Foundation Spark Debate

chest

Concerns about the Ethereum Foundation's management have led to increased FUD, but development continues through various contributors.

user avatarArif Mukhtar

Ethereum Enters a Period of Stabilization Amid Market Instability.

chest

Ethereum has entered a rangebound structure following a strong rally, allowing the market to absorb gains and establish new support levels.

user avatarLuis Flores

Lingrid Identifies Ideal Buy Zone for Ethereum Amid Market Dip

chest

Crypto expert Lingrid highlights a 'Kill Zone' for Ethereum, suggesting optimal entry points for traders.

user avatarMaria Gutierrez

Bitcoin Faces Increasing Bearish Pressure as Key Support Levels Threatened

chest

Bitcoin is showing signs of weakness as bearish pressure builds below critical technical levels, with key support zones under threat.

user avatarDavid Robinson

Surge in XRP Payment Activity During Market Decline

chest

Surge in XRP payment activity during market decline, with payments processed on the XRP Ledger increasing from below 1 million to 122 million by May 22.

user avatarJacob Williams

FDIC Proposes New Compliance Standards for Stablecoin Issuers

chest

The FDIC has proposed new regulations requiring Permitted Payment Stablecoin Issuers to comply with existing banking compliance standards.

user avatarAndrew Smith

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.