Circle Contributes 1 Million USDC to Trump’s Inaugural Committee
Circle has donated 1 million in USDC to Donald Trump’s inaugural committee. This follows contributions from other US firms as Trump prepares to take office on January 20, with expectations of developments in the digital asset sector.
Key points:
- Donation confirmed by Circle CEO Jeremy Allaire, indicating progress for cryptocurrency acceptance.
- Trump administration may promote stablecoin adoption, potentially enhancing the US dollar's global dominance.
- Ripple plans to donate 5 million in XRP, while Coinbase and Kraken will contribute 1 million each.
- MoonPay will also donate but hasn't disclosed the amount; total funds for the inauguration have reached 200 million.
- Current fundraising exceeds Trump's 2017 committee total of 107 million, expected to surpass 225 million by Inauguration Day.
- Crypto industry expresses optimism about a pro-crypto administration under Trump.
- Trump has shifted from previous negative views on Bitcoin to advocating for domestic production.