Cryptocurrency companies have invested over $10 million in Trump's inauguration fund and are vying for a seat on the Digital Asset Advisory Committee

2025-01-18 09:49:14

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ChainCatcher news, according to Politico, since election day, cryptocurrency companies including Ripple, Coinbase, Kraken, Robinhood, and Circle have invested at least $10 million in Trump's inauguration fund. These donations will be used to finance the grand official events held during the inauguration, and executives are flocking to Washington to prepare for the new president's swearing-in on Monday.

One target of interest for participants in the crypto space is the digital asset advisory committee that Trump has vowed to create, which will be led by incoming White House crypto and AI expert David Sacks and former North Carolina congressional candidate Bo Hines. A Washington cryptocurrency lobbyist, who wished to remain anonymous, stated that almost everyone in the crypto space is currently vying for a seat on the committee.

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