Circle CEO Jeremy Allaire said the crypto firm has donated 1 million USDC to Donald Trump’s inaugural committee, following other major tech companies sending money to the president-elect.
Multiple crypto company, including Ripple and Coinbase, along with tech companies like Amazon, Google and Apple, have donated funds to Trump’s inaugural committee, according to multiple news reports.
“We are excited to build a great American company, and the fact that the committee accepted payment in USDC is an indicator of how far we have come and the potential and power of digital dollars,” Allaire said in a post on X on Thursday morning.
The crypto industry played a significant role in the 2024 election, with millions of dollars going into key races. Fairshake, for example, up over $200 million in the election cycle to put behind key races, according to Open Secrets, with funding from major crypto companies, including Ripple and Coinbase. As a result, Washington has what some call the most pro-crypto congress yet and support from the top, given Trump’s many promises to crypto.
An inauguration committee oversees the presidential inauguration ceremony and related activities. Trump’s inauguration is January 20.
