President Donald Trump has taken office as the 47th president of the United States, with Orbiter Finance becoming one of the companies to support the pro-cryptocurrency leader’s inauguration.
In an X post on the 20th of January, Orbiter Finance announced they were supporting Donald Trump’s inauguration, attaching an Etherscan link showing 10 Ether.
Orbiter Finance announces its sponsorship of the inauguration of President-elect Donald Trump hours before the event will be held in Washington, DC, ushering in a new government that is pro-crypto.
Orbiter Finance is a DeFi project tackling the problem of interoperability. Orbiter Finance aims to solve this problem by using the Orbiter Omni-chain Interoperability protocol.
The sponsorship payment was processed via a Maker Address and completed cross-chain using this protocol. This innovation enables transactions across different blockchain networks, ensuring smooth and secure funding.
This technology allows users to send tokens or assets between various blockchains securely and efficiently. Traditional blockchain networks often operate in isolation, making it challenging to transfer assets across chains without incurring high transaction fees, long waiting times, or complex procedures. Orbiter Finance simplifies this by enabling assets to move quickly and safely between different blockchains.
“The donations to Trump’s office will continue throughout Trump’s presidency,” Orbiter stated in an X post.
This long-term commitment from the cryptocurrency community suggests a growing relationship between the political establishment and decentralized finance, where digital currencies could play an important role in shaping future policies.
Recently, there was significant attention on the relationship between President-elect Donald Trump’s inauguration and its effect on the cryptocurrency world. One of the key developments was that Bitcoin surged to over $109,000 ahead of Donald Trump’s inauguration, as many in the cryptocurrency industry anticipated favorable policies from his administration.
Trump, once skeptical of cryptocurrencies, has now embraced them. He promises to make the U.S. the “crypto capital” and plans to appoint crypto supporters to key positions. Additionally, he intends to create a strategic Bitcoin reserve and has launched his own cryptocurrency, $TRUMP, which has seen significant trading activity.
He also announced the launch of another memecoin named after his wife, $MELANIA. This coin has a maximum supply of 1 billion, a market cap exceeding $1 billion, and a fully diluted valuation (FDV) of over $9 billion. It boasts over 400,000 holders and locked liquidity of $3.4 million.
