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The Coin Rise 2024-12-15 20:45:06

Crypto Venture Funding Soar With $1B Raised Post-Trump Victory

The U.S. presidential election was held on November 5, 2024, with Republican Party candidate Donald Trump claiming victory on November 6., fueling rapid surge in crypto venture funding. That has even hugely impacted the cryptocurrency sector, which has witnessed a huge inflow of funding. Massive Funding Boost Across Crypto Projects According to a report , venture capital (VC) funds have spiked since Trump’s electoral victory. Notably, several projects have raised over $1 billion ahead as the anticipation for a crypto-friendly administration grows. Stakeholders are optimistic that the crypto regulatory environment will be pro-crypto. DefiLlama data reveals that over $1.3 billion have been attracted in funding. Of this amount, VCs contributed the larger share in November, with $796 immediately after the election victory. In December, they raised an additional $511 million. Different venture capital firms fundraising with the Avalanche Foundation emerged as the highest fundraiser. Avalanche Foundation registered $250 million via a private token sale. Meanwhile, the Avalanche network will engage in an upgrade of Avalanche9000 on December 16. The goal is to enhance blockchain scalability and lower cost. DeFi Sector Gets Significant Funding Furthermore, there has been an uptick in VCs in crypto infrastructure projects. Infrastructure developers got over $500 million, with Zero Gravity Labs securing $40 million. On their part, Bitcoin miner Canaan Creative secured $30 million. The DeFi sector received significant funding to the tune of $150 million. USDX Money and World Liberty Financial were key investments that received $45 million and $30 million, respectively. The uptick comes following the DeFi market recovery, even as retail and institutional investors have picked interest in the sector. Trump’s Crypto-Friendly Stance Fuels Market Optimism Experts have attributed these funding boosts to the positive sentiments in the broader crypto space. Notably, many stakeholders see the incoming administration, which resumes on January 20, 2025, as pro-crypto. During his electioneering campaign, Trump pledged support for the crypto industry, and many expect positive reforms that could affect the sector. Aside from promising to establish a Strategic Bitcoin Reserve , Trump has taken several steps that signal he would walk the talk. Notable among these include the nomination of Paul Atkins as a replacement for Securities and Exchange Commission Chair Gary Gensler. This development could positively influence crypto growth as Atkins could drive regulatory clarity following his appointment. The post Crypto Venture Funding Soar With $1B Raised Post-Trump Victory appeared first on TheCoinrise.com .

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