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Circle Donates $1M in USDC to Trump’s Inaugural Committee

The stablecoin giant joins Ripple and Coinbase in donating to the organization.
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Jan 9, 2025 • 1 min read

Circle CEO Jeremy Allaire confirmed Circle donated 1M USDC to President Donald Trump’s inaugural committee. 

What’s The Scoop?

  • Acknowledged Donation: Jeremy Allaire, CEO of Circle, admitted to the $1 million donation that was made in USDC.
  • Big Role: The crypto industry played a big role in this past election, donating millions of dollars to certain crypto-friendly politicians through its Fairshake PAC.

Bankless Take

Circle joins a host of tech companies looking to win Trump's favor in the new administration by pledging donation to his Inaugural Committee. Trump's election has proven to be a boon for the crypto markets, but the industry will have to wait until he takes office later this month to see to what degree he makes good on his promises. For now, companies are hoping to have a seat at the table, which is more than they got under Biden.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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