Pro-Crypto Donald Trump Inauguration Breaks $200M Fundraising Record, With Crypto Giants Leading the Charge ℹ️ℹ️ℹ️ℹ️ℹ️
Donald Trump’s upcoming inauguration on January 20, 2025, is shaping up to be one of the most lavish and historically significant in U.S. political history. The inauguration committee has already raised over $200 million, with expectations that it will surpass $225 million before the big day. What stands out in this massive fundraising effort is the surprising—and historic—support from the cryptocurrency industry, marking a shift in the political landscape.
### Cryptocurrency Giants Back Trump’s Pro-Crypto Agenda
Trump’s pro-crypto stance has been a major factor in his fundraising success. Throughout his campaign, Trump made clear his intention to foster a more favorable environment for cryptocurrency, promising to roll back restrictive policies and create a regulatory framework to help the sector thrive. This clear pro-crypto agenda has earned him the backing of some of the biggest names in the cryptocurrency world.
Ripple, currently embroiled in a legal battle with the SEC, has reportedly contributed over $5 million to the inauguration fund. Other major players in the space, including Coinbase and Kraken, have donated at least $1 million each. Some firms, such as MoonPay, have opted not to disclose their contributions, adding an air of mystery to their involvement.
This unprecedented financial support from the crypto industry reflects growing confidence in Trump’s potential to reshape the regulatory landscape for digital assets, an area many crypto advocates feel has been overly restrictive under current regulations.
### Trump’s Pro-Crypto Cabinet: Key Appointments on the Horizon
As part of his commitment to the crypto sector, Trump is expected to make significant appointments aimed at reshaping U.S. financial regulation. One of his first key moves is the appointment of Paul Atkins, a well-known crypto advocate, to replace Gary Gensler as SEC chairman. This decision has been welcomed by many in the crypto community, who view Gensler’s tenure as overly restrictive for the industry.
In addition to Atkins, reports suggest Trump will fill other key positions with pro-crypto figures, including Scott Bessent and Howard Lutnick. Ripple CEO Brad Garlinghouse has called these potential appointments a “fresh start” for the crypto industry, signaling that Trump’s administration could usher in a new era of regulatory clarity and support for digital assets.
### Big Tech Joins the Inauguration Fundraising Push
It’s not just the cryptocurrency industry that is rallying behind Trump’s upcoming inauguration—top leaders from the tech sector are also showing strong support. Jeff Bezos, Mark Zuckerberg, and Sam Altman have each contributed $1 million to the inauguration fund. Their donations highlight the growing alignment between Trump’s pro-innovation platform and the interests of leading tech figures.
The participation of these tech moguls underscores the anticipation of a more innovation-friendly environment under Trump’s administration, with hopes for policies that encourage growth in both the cryptocurrency and broader tech industries. This support suggests a potential shift toward greater collaboration between the political, tech, and financial sectors.
### A Historic Shift in Political Fundraising
Trump’s inauguration fundraising is breaking records, not only for its size but also for the unprecedented level of backing from the cryptocurrency and tech industries. With over $200 million already raised, this event signals a significant moment in U.S. political history, where the interests of the crypto and tech sectors are playing a central role in shaping the future of governance.
As Trump’s inauguration approaches, all eyes will be on how the fundraising efforts continue to evolve, and what steps the new administration will take to deliver on its promises of creating a more crypto-friendly and innovation-focused environment. For the cryptocurrency community, this could mark the beginning of a new chapter in the industry’s relationship with government, offering both challenges and opportunities in the years ahead. #TrumpCryptoSupport #TrumpSupportsCrypto #BTCNextMove #MarketCorrectionBuyOrHODL? #g315c $BTC $BNB $XRP

The Final Market Move of 2024? A Critical Retest in Play!
As we approach the year’s end, the cryptocurrency market is entering a crucial retest phase, potentially marking the last major move of 2024. This is a pivotal moment for traders and investors alike, as market trends often define strategies for the months ahead.
Historically, year-end phases bring heightened volatility and significant shifts, with assets either confirming bullish momentum or facing a bearish reversal. This retest phase is no different, as several key support and resistance levels across major cryptocurrencies are being tested.
For Bitcoin, the $32,000 mark serves as a critical zone. A breakout could signal a late bull rally, while a rejection might bring consolidation. Altcoins like Ethereum and Solana are mirroring this trend, with their price actions closely linked to Bitcoin’s trajectory.
For investors, this period demands sharp focus. Monitoring volume, RSI, and market sentiment can provide clues to navigate this uncertain terrain. Whether the market closes the year with fireworks or a fizzle, staying informed and prepared will be the key to maximizing gains.#CryptoMENA
Are we witnessing the final surge of 2024, or is the market setting up for a surprise in 2025? Let’s discuss in the comments!
Stay vigilant, and happy trading!#TrumpCrypto #TrumpSupportsCrypto

Federal Reserve Chair Rules Out Bitcoin on Fed's Balance Sheet, Markets React
Federal Reserve Chair Jerome Powell has unequivocally ruled out the possibility of the central bank holding Bitcoin, citing legal constraints under the Federal Reserve Act. During a press conference on December 19, Powell clarified that the Fed is not seeking legislative changes to enable cryptocurrency ownership.

“We’re not allowed to own Bitcoin,” Powell stated. “The Federal Reserve Act defines what we can hold, and we’re not pursuing a change in the law. That’s a matter for Congress, but it’s not something the Fed is considering.”
Powell’s comments, coupled with a more cautious tone from the Federal Reserve, prompted a sharp decline in Bitcoin’s value. The cryptocurrency fell 5.9% to $100,605, retreating from its record high of $108,000 set on December 18. The broader cryptocurrency market also experienced a downturn, with its total capitalization falling by 7.6% to $3.67 trillion. Ethereum, XRP, and Solana recorded losses ranging from 4% to 11%.

Source:Coinmarketcap
Market and Policy Impacts
On the same day, the Federal Reserve announced a quarter-point interest rate cut, bringing the target range to 4.25%–4.5%. Powell emphasized that the Fed’s monetary policy is now “significantly less restrictive” after reducing rates by a full percentage point from their peak. He noted that future rate adjustments in 2025 would depend on inflation trends and labor market data.
Equity markets also reacted negatively, with the S&P 500 and Nasdaq Composite both dropping 0.4%, while the Dow Jones Industrial Average fell by approximately 100 points, extending its losing streak to 10 days.
Despite the declines, analysts from blockchain platform Santiment highlighted Bitcoin’s relative resilience. “BTC remaining above $100K despite the correction could be seen as a sign of underlying strength. We anticipate stabilization over the next 24-48 hours,” the firm noted.
Trump Advocates for Bitcoin Strategic Reserve

President-elect Donald Trump, meanwhile, reiterated his support for Bitcoin as a strategic asset. During a December 12 address, Trump proposed creating a U.S. Bitcoin reserve to ensure the nation’s leadership in the global cryptocurrency space.
“We’re going to do something incredible with crypto. We don’t want China or others to get ahead of us,” Trump said.
The U.S. government currently holds over 212,000 BTC, valued at $22.3 billion, from law enforcement seizures. While Trump’s vision for a Bitcoin reserve remains undefined, there is growing speculation that an executive order could establish Bitcoin as a reserve asset after his inauguration on January 20, 2025.
Analysts believe these developments signal a significant shift in the U.S. government’s approach to cryptocurrency, even as the Federal Reserve maintains its cautious stance.
#btc #BitcoinReserve #CryptoNewss #TrumpSupportsCrypto #TrumpCrypto
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