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.

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.

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.”