Crypto Giants Poured Millions Into Trump’s Inauguration as SEC Backed Off Investigations
Several major players in the crypto space have funneled millions into U.S. political events following the 2024 election, according to recently disclosed records from the Federal Election Commission.
The filings, released by the Trump-Vance Inaugural Committee on April 20, show that top blockchain firms and executives made substantial financial contributions to President Donald Trump’s inauguration celebrations after his re-election win.
Among the most notable contributions were $1 million from Solana Labs, $245,000 from Uniswap CEO Hayden Adams, and $100,000 from Consensys. They weren’t alone—Coinbase, Ripple Labs, Kraken, Robinhood, and Ondo Finance were also listed as donors. In total, the committee received over $239 million from a range of donors, including McDonald’s, Meta, Apple’s Tim Cook, OpenAI’s Sam Altman, and corporate giants like Delta, FedEx, and Nvidia.
Since taking office on January 20, President Trump has appointed Mark Uyeda as interim head of the Securities and Exchange Commission. Shortly after, the SEC began quietly backing away from several high-profile enforcement cases involving crypto firms—many of which had backed Trump’s inauguration.
Uniswap announced in February that its SEC investigation was dropped, while Consensys confirmed the end of a legal dispute with the agency. Similar actions were reportedly abandoned against Ripple, Coinbase, Kraken, and Robinhood Crypto, all of which had collectively contributed around $9 million.
Adding fuel to the controversy, Trump’s own token—launched January 17 on the Solana blockchain—sparked debate over potential conflicts of interest. Melania Trump released a separate token days later. Simultaneously, the Trump family became associated with World Liberty Financial, a crypto firm behind a new U.S. dollar-pegged stablecoin, just as lawmakers were revisiting regulatory frameworks for such assets.
Crypto influence isn’t limited to inauguration festivities. Pro-crypto PACs poured more than $131 million into the 2024 election cycle, targeting key congressional races. One group, Fairshake, has already confirmed it’s preparing for 2026, boasting a war chest exceeding $100 million—with support from firms like Coinbase and Ripple.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
