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.

The Senate Banking Committee is reportedly looking to create a crypto subcommittee while Trump is considering pro-crypto CFTC Commissioner Summer Mersinger to head the agency.

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

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.

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