Crypto firms and executives made significant contributions to Donald Trump's inauguration fund

New filings from the Federal Election Commission (FEC) reveal that several cryptocurrency firms and their executives made significant contributions to US President Donald Trump's inauguration fund

Several cryptocurrency firms and their executives made significant contributions to US President Donald Trump’s inauguration fund after the results of the 2024 election, new filings from the Federal Election Commission (FEC) reveal.

As reported by The Block, the Trump-Vance Inaugural Committee disclosed in FEC filings that Uniswap CEO Hayden Adams donated more than $245,000, Solana Labs donated $1 million, and software firm Consensys sent $100,000 in January to support the then-president-elect’s inauguration. Many major crypto firms had previously announced their support of Trump through donations to the inaugural fund, including Coinbase, Ripple Labs, Kraken, Ondo Finance, and Robinhood.

Altogether, the fund reported more than $239 million in net donations between Nov. 15 and April 20 from companies and individuals. Among them, McDonald’s donated $1 million, Apple CEO Tim Cook donated $1 million, OpenAI CEO Sam Altman donated $1 million, and Delta Air Lines, ExxonMobil, FedEx, Nvidia, PayPal, Target, and Coca-Cola also made various contributions.

Since Trump took office on Jan. 20 and appointed Mark Uyeda as acting chair of the US Securities and Exchange Commission (SEC), the agency has dropped multiple investigations and enforcement actions against crypto firms, including those that donated to the president’s 2024 campaign or inauguration fund. In February, Uniswap reported that the SEC had dropped its probe into the firm, and Consensys founder Joseph Lubin said the agency had agreed to end a separate lawsuit.