After Coinbase and Kraken, Circle donates to Trump’s inaugural committee, joining the list of crypto industry supporters.
As President-elect Donald Trump’s inauguration day draws near, top crypto industry CEOs are racing to secure access to the incoming administration.
Jeremy Allaire, CEO of Circle, revealed on X 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.
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 figures like Kris Marszalek, CEO of Crypto.com, and Brad Garlinghouse of Ripple, have already met Trump to discuss the industry’s future and regulatory issues.
Major players like Coinbase, Kraken, and Ripple have also made significant donations to Trump’s inaugural fund, signaling their desire for influence.
On January 17, the industry will host the “Inaugural Crypto Ball” in Washington, a high-profile event to show support for the incoming administration. Ticket prices are set at $2,500, with backing from 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.