Crypto Firms and Executives Donate Heavily to Trump’s Inauguration Fund

New filings from the Federal Election Commission (FEC) reveal substantial financial support for US President Donald Trump’s inauguration fund, specifically after the 2024 election results. A significant number of cryptocurrency firms and their executives contributed, including Uniswap CEO Hayden Adams ($245,000), Solana Labs ($1 million), and Consensys ($100,000) in January 2025. These contributions were part of broader support from companies such as Coinbase, Ripple Labs, Kraken, Ondo Finance, and Robinhood for the then-President-Elect’s inauguration. The inaugural fund received over $239 million in net donations between November 15th and April 20th from individuals and organizations including $1 million from McDonald’s, $1 million from Apple CEO Tim Cook, $1 million from OpenAI CEO Sam Altman, and contributions from Delta Air Lines, ExxonMobil, FedEx, Nvidia, PayPal, Target, and Coca-Cola. Since Trump assumed office on January 20th 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 who donated to the President’s 2024 campaign or inauguration fund. In February, Uniswap announced that the SEC had dropped its probe into the firm, and Consensys founder Joseph Lubin stated that the agency had agreed to end a separate lawsuit. This is an ongoing story, and further updates will be provided as they become available.