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

user avatar

by Giorgi Kostiuk

2 years 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.

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

Bitcoin Faces Critical Resistance as Market Dynamics Shift

Bitcoin's price action indicates critical resistance levels that need to be reclaimed for a sustained recovery.

user avatarMiguel Rodriguez

Trump Media Expands Bitcoin Holdings Amid Market Uncertainty

Trump Media Technology Group reported a significant increase in its Bitcoin holdings, adding approximately 1,510 BTC during Q3 2026, totaling around 15,649 BTC valued at $117 billion.

user avatarLuis Flores

Nvidia Faces Class Action Lawsuit Over Allegations of Fraud

Nvidia and CEO Jensen Huang face a class action lawsuit for allegedly defrauding investors by concealing Huang's relationship with a suspected Chinese spy.

user avatarArif Mukhtar

Bipartisan Support for Cryptocurrency Grows in Congress

Bipartisan support for cryptocurrency is increasing in Congress, with over 50 newly elected lawmakers advocating for digital assets following the 2026 midterm elections.

user avatarMaria Gutierrez

American Bitcoin Reports Strong Third Quarter Performance

American Bitcoin reported a net income of approximately $126 million for Q3, highlighting its Bitcoin reserve growth from mining operations.

user avatarDavid Robinson

Hyperliquid Strategies Files for Futures Commission Merchant Status

Hyperliquid Strategies has filed an application to become a futures commission merchant, allowing it to handle certain futures-related client functions.

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.