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Cryptocurrency News Articles

New filings from the Federal Election Commission show that several major players in the cryptocurrency industry donated a combined total of over $12.27 million to President Donald Trump's 2025 inauguration fund.

Apr 22, 2025 at 02:27 am

currency Industry Donated $12.27M to President Donald Trump's 2025 Inauguration Fund

New filings from the Federal Election Commission show that several major players in the cryptocurrency industry donated a combined total of over $12.27 million to President Donald Trump's 2025 inauguration fund.

Contributions to President Donald Trump's 2025 inauguration fund from several major players in the cryptocurrency industry totaled over $12.27 million, according to new filings with the Federal Election Commission.

What Happened: Among crypto-related entities, Ripple Labs' donation of $4.8 million was the largest.

Robinhood's contribution was $2 million.

Coinbase, the largest U.S. crypto exchange, and stablecoin issuer Circle each donated $1 million. Solana Labs and Kraken's parent company, Payward Inc., also contributed $1 million.

Hayden Adams, the founder of Uniswap, made a personal donation of $245,727.56 on Jan. 9.

Adams's contribution was among the largest individual donations from within the crypto community.

Ethereum infrastructure firm Consensys donated $100,000 through its parent company. Yuga Labs, known for the Bored Ape Yacht Club NFT collection, also donated $100,000.

The president's administration is aiming for deeper integration of digital assets into the U.S. financial system. Trump has stated his goal to make America a "Bitcoin superpower," and lawmakers are working on bills to create a clear regulatory framework for stablecoins and other digital assets.

These contributions are in direct contrast to the regulatory difficulties faced by the crypto industry in the wake of the FTX collapse and the closure of crypto-friendly banks such as Silvergate and Signature Bank.

Following a period of uncertainty, crypto firms appear to be seeking closer ties with government officials and institutions.

The $12.27 million total from crypto firms is one of the largest sector-specific fundraising blocs for the inauguration, placing the industry alongside energy, finance, and technology in political influence.

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Other articles published on May 02, 2025