Crypto industry donates over $10M to Trump’s $239M inauguration fund
Executives and companies from the cryptocurrency sector, including Consensys, Solana Labs, and Uniswap (CRYPTO:UNI) CEO Hayden Adams, made substantial donations to President Donald Trump’s 2025 inauguration fund, according to recent Federal Election Commission (FEC) filings.
Uniswap’s Adams contributed more than $245,000, Solana Labs donated $1 million, and Consensys sent $100,000 in January, joining a broader wave of crypto industry support for the incoming administration.
Other major crypto firms such as Coinbase, Ripple Labs, Kraken, Ondo Finance, Robinhood, and Circle also made seven-figure contributions, with Ripple (CRYPTO:XRP) donating $5 million in XRP tokens and Coinbase, Kraken, and Circle each giving $1 million.
The total from the crypto sector surpassed $10 million, part of a record-setting $239 million raised for the inauguration from both corporate and individual donors.
The donations coincided with a shift in the regulatory environment.
After Trump took office and appointed Mark Uyeda as acting SEC chair, the agency closed several investigations and lawsuits involving crypto firms, including those against Uniswap and Consensys.
In February, Uniswap reported the SEC had dropped its probe, and Consensys founder Joseph Lubin said the agency agreed to end a separate lawsuit.
Industry leaders described the donations as an effort to secure influence and a seat at the table as the administration considers new crypto regulations.
“This is a moment of celebration for the industry,” said Kristin Smith, CEO of the Blockchain Association, reflecting the optimism around Trump’s pro-crypto stance and the expectation of regulatory reforms.
The influx of funds from crypto companies highlights their strategic ambitions to shape policy and participate in a proposed cryptocurrency advisory council under the new administration.
The record fundraising and political engagement mark a new phase in the crypto sector’s efforts to influence U.S. policy at the highest levels.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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