Pre-inauguration FEC filings show that several major players in the cryptocurrency industry donated a combined total of over $12.27 million

These contributions highlight a growing political alignment between the digital asset sector and the current U.S. administration

A new filing with the Federal Election Commission (FEC) has revealed that several major players in the cryptocurrency industry have made significant contributions to President Donald Trump's 2025 inauguration fund.

What Happened: According to the filing, Ripple Labs contributed the largest sum among crypto-related entities, donating $4.8 million. The company, known for its XRP token, is one of the leading blockchain and payments firms in the United States.

Robinhood, the popular stock trading platform that also offers cryptocurrency services, followed with a $2 million donation to the Trump inauguration fund.

Coinbase, the largest cryptocurrency exchange in the United States, contributed $1 million to the fund. Stablecoin issuer Circle, blockchain platform Solana Labs, and Kraken's parent company Payward Inc. also donated $1 million each.

Among individual donors, Hayden Adams, the founder of Uniswap, contributed $245,727.56 on January 9, marking one of the largest personal donations from within the crypto community.

Ethereum infrastructure firm Consensys, through its parent company, donated $100,000 to the inauguration fund. Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, also donated $100,000.

The contributions from crypto firms come as the Trump administration pushes for deeper integration of digital assets into the U.S. financial system. The president has pledged to make America a "Bitcoin superpower," and lawmakers are currently advancing bills aimed at creating a formal regulatory framework for stablecoins and other digital assets.

This marks a shift from the regulatory hostility the crypto industry faced in the years following the collapse of FTX and the shutdown of crypto-friendly banks like Silvergate and Signature.

The crypto firms' contributions to the inauguration fund are part of a broader trend of political engagement by the digital asset sector. Several crypto executives and industry groups have been making large donations to political campaigns and parties.

The $12.27 million total from crypto firms is one of the largest sector-specific fundraising blocs for the inauguration, placing the industry alongside energy, finance, and technology in political influence.

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