TL;DR
- Several crypto executives and companies, including Uniswap, Solana, and Consensys, made large contributions to Trump’s inauguration fund.
- The inauguration committee raised over $239 million between November and April, with donations from major corporations and high-profile executives.
- The SEC closed investigations into crypto companies after the donations, while Trump launched a digital token and promoted a dollar-pegged stablecoin.
Several companies from the crypto industry made financial contributions to the organization of Donald Trump’s inaugural ceremony following his victory in the 2024 elections.
According to recently published records from the Federal Election Commission, the contributions include $245,000 from Hayden Adams, CEO of Uniswap; $1 million from Solana Labs; and $100,000 from Consensys. Other companies such as Coinbase, Ripple Labs, Kraken, Robinhood, and Ondo Finance also participated, although the amounts were not detailed in the report.
The inauguration organizing committee received a total of $239 million in donations between November and April. In addition to crypto companies, major corporations such as McDonald’s, Meta, Apple, OpenAI, Nvidia, PayPal, and Coca-Cola also contributed. Some of these personal contributions came directly from top executives like Tim Cook (Apple) and Sam Altman (OpenAI), each donating $1 million.
SEC Closes Cases Against Several Crypto Companies
Shortly after the start of the new administration, the U.S. Securities and Exchange Commission closed investigations and lawsuits against several companies in the crypto industry. Uniswap announced in February that the regulator had dropped its investigation. Joseph Lubin, founder of Consensys, stated that the SEC also dismissed a case opened against his firm. Ripple, Kraken, Robinhood, and Coinbase also benefited from the suspension of proceedings after jointly contributing around $9 million.
At the same time, Donald Trump launched a digital token on the Solana blockchain, just days before his wife did the same. The family also backed the creation of World Liberty Financial, a firm that operates a stablecoin pegged to the U.S. dollar. The initiative coincides with ongoing legislative debates aimed at establishing clear rules for digital assets, raising concerns about potential conflicts of interest.
During the last election campaign, political action committees linked to the crypto ecosystem allocated over $131 million to support candidates in key districts. One of them, Fairshake PAC, confirmed that it already holds more than $100 million to influence the 2026 midterm elections.
