Crypto Firms Contribute Millions to Trump Inauguration

Major cryptocurrency companies, including Uniswap, Solana Labs, and Consensys, among others, contributed millions to President Donald Trump’s inauguration fund following his 2024 election victory. New FEC filings reveal over $239 million was raised from corporate donors between November 15th and April 20th, with companies like McDonald’s, Meta, Apple CEO Tim Cook, and OpenAI’s Sam Altman all contributing large sums. These contributions were accompanied by significant donations from corporations such as Delta Air Lines, Nvidia, PayPal, ExxonMobil, Coca-Cola, FedEx, and Target. Notably, the SEC has dropped its enforcement cases against crypto firms that contributed to Trump’s campaign, including Ripple, Kraken, Robinhood Crypto, and Coinbase – companies that collectively donated roughly $9 million. This move sparked debate about the timing of regulatory action and the potential influence of crypto on government decisions. The Trump family further bolstered their presence in the crypto space, launching their own memecoins on Solana blockchain and establishing a venture with World Liberty Financial backing a U.S. dollar-pegged stablecoin. With record spending by crypto-linked PACs contributing over $131 million to key congressional races, the influence of cryptocurrency in politics continues to grow.