Circle has donated 1 million USDC to Trump’s inaugural committee, reflecting a growing trend in the crypto industry supporting political events. This donation aligns with other MAJOR tech contributions, showcasing digital currencies’ increasing influence in political arenas. CEO Jeremy Allaire emphasizes the potential of USDC as a payment method in such contexts.

The crypto industry played a MAJOR role in the 2024 elections, contributing millions to key political races, significantly shaping a pro-crypto Congress influenced by Trump’s promises. MAJOR crypto firms, including Ripple and Coinbase, were integral in these efforts, highlighting the sector’s rising clout in US politics, further consolidating support for cryptocurrencies.