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Big Tech, Crypto Executives Pour in Massive Donations for Donald Trump’s Inauguration

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Giuseppe Ciccomascolo
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Key Takeaways
  • Circle CEO Jeremy Allaire pledged $1 million in USDC to President-elect Donald Trump’s inaugural committee, with several other crypto industry leaders following suit.
  • Major tech companies, including Microsoft, Google, Adobe, Apple, Amazon, and Meta, also made large donations to the committee.
  • Despite the flurry of contributions, experts caution that the administration’s policies on digital assets, such as the U.S. strategic Bitcoin reserve, will take time to influence the market.

As President-elect Donald Trump prepares for his inauguration, major tech and crypto companies, including Circle, Microsoft, Google, and Apple, have opened their wallets, hoping to get a seat in the inaugural committee.

The contributions come as Trump’s administration is expected to take a stance on digital assets, and many industry leaders are positioning themselves to have a say in the coming policy changes.

While industry leaders are positioning for a role in Trump’s planned crypto advisory council, experts warn that the impact of new policies, such as the U.S. strategic Bitcoin reserve, will take time to materialize.

Circle Leads Crypto Donations

Circle CEO Jeremy Allaire recently announced  a $1 million donation in USDC to Trump’s inaugural fund.

Several other high-profile figures  from the crypto industry, including those from Crypto.com, Coinbase, Kraken, and Ripple, have also made substantial contributions.

The crypto industry’s engagement doesn’t end with donations.

Industry leaders are preparing for a role in the establishment of a planned crypto advisory council aimed at influencing policies related to digital assets.

To further solidify these relationships, the industry is hosting the “Inaugural Crypto Ball”  in Washington on Jan. 17, where top players in the space will gather to engage with the new administration.

Tech Giants Join the Fold

In addition to crypto executives, major tech companies are also showing their support for Trump’s inaugural committee.

Microsoft, Google, Adobe, Apple, Amazon, and Meta have each pledged $1 million, marking a significant display of bipartisan backing.

Microsoft, which has previously contributed $500,000 in 2017 and 2021, is once again showing its support for the incoming administration.

Other tech CEOs, such as Apple’s Tim Cook, have also followed suit with donations  of their own.

New Policies Will Take Time

While the flood of donations signals strong backing for Trump’s administration, experts warn that any significant changes to digital asset policy will require time to materialize.

Greg Cipolaro, Global Head of Research at NYDIG, notes  that while there is optimism about what the new administration could mean for the crypto industry, the impact of Trump’s policies will likely take months, if not years, to fully develop.

For example, the proposed U.S. strategic Bitcoin reserve could be established through an Executive Order, but such a move would likely be less permanent than legislation like the BITCOIN Act, which would take far longer to pass.

Additionally, Trump’s appointments to key regulatory bodies like the SEC, CFTC, and FDIC are still pending confirmation, further delaying the implementation of policy changes.

Despite these hurdles, Cipolaro suggests that the new administration’s promises, such as a “Made in the USA Bitcoin,” remain speculative at best, with little to analyze at this stage.

It’s clear that Trump’s policies will have a gradual impact on the crypto space. The industry will be watching closely as key initiatives begin to take shape.

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Giuseppe Ciccomascolo

Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors. Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.
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