Crypto Firms Flood Trump-Vance Fund with $12.27M Donation

Over $12.27 million has been donated to the Trump-Vance inauguration fund by prominent figures in the crypto industry, a move that reflects the growing political influence of this sector. Notably, Solana Labs, Uniswap’s CEO, and Consensys have contributed significantly, highlighting the potential for these companies to affect regulatory outcomes and market behavior. These donations coincide with recent SEC actions that have eased scrutiny on certain crypto-linked organizations. This trend has spurred discussions regarding future U.S. policies toward cryptocurrencies, which are anticipated to be favorable for the industry. The impact of these donations is evident in the value increase of related tokens like UNI and SOL.