Crypto firms have put at least $10 million into Trump Inauguration Fund, vying for a seat on the Digital Asset Advisory Council
According to Politico, since Election Day, crypto companies including Ripple, Coinbase, Kraken, Robinhood, and Circle have poured at least $10 million into the Trump Inauguration Fund, which will be used to fund the grand official event held during the inauguration. Executives have also flocked to Washington to prepare for the new president's swearing-in on Monday.
One target that crypto players are focusing on is the Digital Assets Advisory Council that Trump has vowed to create, led by incoming White House crypto and artificial intelligence expert David Sacks and former North Carolina congressional candidate Bo Hines. A Washington crypto lobbyist, speaking on condition of anonymity, said that almost everyone in the crypto space is currently vying for membership on the council.