Key Points:

• Leading crypto companies, including Ripple, Coinbase, Kraken, Robinhood, and Circle, have donated at least $10 million to Trump’s inauguration fund ahead of his second term.
• The industry is pushing for regulatory changes and is focused on influencing the creation of a Digital Assets Advisory Committee under Trump’s administration.

According to Politico, crypto companies have donated at least $10 million to Trump’s inauguration fund.

Read more: Trump Blasts Ripple Support for Kamala Harris Over His Campaign

Crypto Companies Donate $10 Million to Trump’s Inauguration Fund

The largest companies in the industry, including Ripple, Coinbase, Kraken, Robinhood, and Circle, have contributed seven-figure amounts to underwrite the official inaugural festivities. These donations to Trump’s inauguration fund are a sign of the confidence of the industry in the new administration and its desire for closer ties with it.

In addition to underwriting the inaugural parties, the crypto industry is on guard for opportunities to shape policy changes. Companies are pressing for a regulatory remake in hopes that legislation will help the digital asset sector grow.

Crypto Industry Donates $160 Million to Pro-Crypto Lawmakers

The formation of a Digital Assets Advisory Committee was one of the most significant commitments promised by Trump. It would be headed by the coming White House crypto and AI czar David Sacks, along with the former Congressional candidate Bo Hines, among others, and would be an excellent chance for the industry to weigh in on the shape of future regulations.

Crypto’s influence-building efforts extend to political donations, too, with more than $160 million poured into a super PAC in advance of the 2024 elections.