Circle Chief Executive Officer Jeremy Allaire said Thursday on X that the stablecoin company contributed tokens worth $1 million to President-elect Donald Trump’s inaugural committee — joining a parade of other CEOs vying for favor as the incoming administration works to form a key crypto industry group.

Many of crypto’s top firms have eagerly lined up to fund parties and events surrounding President-elect Donald Trump's inauguration.

Pro-crypto investors spent millions to re-elect Donald Trump to the US presidency, after he told voters he wanted to make America the “crypto capital of the planet”. As the second Trump administration begins, what does the crypto sector want most? And, what are the risks if they get it?

President-elect Donald Trump was once skeptical of digital assets, saying Bitcoin “seems like a scam” and that crypto’s value was “based on thin air.”

President-elect Donald Trump’s upcoming January 20 inauguration has attracted millions of dollars in donations from the crypto industry, according to Decrypt. Crypto firm Ripple, which is currently embroiled in a high-profile lawsuit with the U.

Crypto CEOs have either pledged donations, made contributions, or held meetings with Trump in hopes of securing positions on the incoming crypto advisory council.