Crypto Startups Raise $1.3 Billion in Funding After Trump’s Election
The crypto industry has experienced a surge in investment since the election of Donald Trump, with startups raising more than $1 billion from venture capital (VC) funds.
This influx of capital reflects growing optimism about a more favorable regulatory environment under the incoming administration.
Crypto startups attract over $1 billion in funding
Cryptocurrency startups have attracted about $1.3 billion in funding since Trump won the election on November 6. DefiLlama data shows that venture capital contributed $796 million in November and another $511 million in December.
this avalanche The foundation became the largest fundraising organization during this period. Raises $250 million in private token sale. The funding coincides with the network’s upcoming Avalanche9000 upgrade on December 16, which is expected to enhance blockchain scalability and reduce costs.
Venture capitalist interest in crypto infrastructure projects has increased significantly. They invested more than $500 million in infrastructure developers, including $40 million raised by Zero Gravity Labs, Bitcoin Mining company Canaan Creative has secured $30 million in several high-profile funding rounds.
at the same time, Decentralized Finance The industry also got a boost, receiving more than $150 million in funding. Major investments include $45 million in USDX Money and $30 million to World Freedom Financial Corporation. This recovery comes on the heels of a resurgence in the DeFi market, with the industry currently attracting interest from both retail and institutional investors.
The surge in funds is related to market expectations Incoming Administration’s Pro-Cryptocurrency Stance. Trump once said Strong support for the crypto industrypromising to bring long-awaited regulatory clarity and the establishment of a Strategic Bitcoin Reserve (SBR) in the United States.
Since his election, Trump has announced a number of pro-cryptocurrency appointments. These include Paul Atkins as proposed Chairman Securities and Exchange Commission (SEC) and david sachs as The first cryptocurrency czar in the White House.
Experts believe the appointments could increase regulatory transparency, remove barriers to agency adoption and spur greater investment in the industry.
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