Solana Labs, Consensys, and Uniswap Donate to Donald Trump's Inauguration Fund Preceding SEC Enforcement Decisions

United States (US) Securities and Exchange Commission (SEC) enforcement decisions follow $239 million in Donald Trump's inaugural donations, including funds from top crypto firms Solana, Consensys, and Uniswap.

Recent Federal Election Commission (FEC) filings have revealed that executives and entities tied to major blockchain firms—Solana Labs, Consensys, and Uniswap—contributed to President Donald Trump’s $239 million 2025 inauguration fund.

The contributions, which came just weeks before the Securities and Exchange Commission (SEC), under the new administration, reversed multiple high-profile enforcement actions involving those same companies, have raised eyebrows in political and financial circles.

Trump Vance Inauguaration Donations | Source: FEC.gov

According to the filings, Uniswap CEO Hayden Adams donated more than $245,000 in early January, Solana Labs contributed $1 million, and Consensys—developer of Ethereum infrastructure—provided $100,000.

The donations were part of a broader corporate support for the Trump-Vance inaugural fund, with contributions also coming from Coinbase, Kraken, Ripple Labs, Ondo Finance, and Robinhood. Together, these six crypto firms contributed a combined $9 million, while total inauguration donations hit $239 million, according to the FEC filings.

Earlier this year, the SEC dropped its long-running investigation into Uniswap Labs. At the same time, Consensys founder Joseph Lubin announced that the agency had agreed to dismiss its pending lawsuit against the firm. Both of these enforcement reversals occurred shortly after Trump took office on January 20 and appointed Commissioner Mark Uyeda as acting SEC Chair.

While the timing of the donations and the SEC’s subsequent actions has raised eyebrows in political and financial circles, the lack of any indication of quid pro quo in the FEC filings and the Trump administration has repeatedly stated its deregulatory agenda aimed at fostering blockchain innovation and US competitiveness in crypto markets.

In February, the SEC signaled it would also halt enforcement actions against other crypto entities that contributed to the inaugural fund, including Coinbase and Kraken, two firms that have faced ongoing litigation over securities compliance. The regulatory reversals are being closely watched by lawmakers as Congress debates comprehensive cryptocurrency legislation, particularly around stablecoins and decentralized finance (DeFi).

Adding to the scrutiny is the emergence of Trump-affiliated crypto ventures. In January, the Trump family launched a Solana-based memecoin and later backed World Liberty Financial, a stablecoin issuer developing a US Dollar-pegged crypto token.

These donations, coinciding with dropped charges, have prompted bipartisan calls for clearer rules on political engagement and financial conflict of interest in cryptocurrency markets.