Trump inauguration fund received massive donations from the crypto industry

In January 2025, the crypto industry made massive donations to Trump's inauguration fund. One month later, the SEC miraculously dropped its lawsuits against those same donors. Coincidence or bought political influence?

In January 2025, as the crypto industry recovered from a turbulent period, major players made substantial donations to support Donald Trump's inauguration fund. These contributions, which spanned several million dollars, were made in addition to the ongoing campaign finance reports.

Among the donors were crypto exchange Coinbase, which contributed $3 million, and payment network Ripple Labs, which donated $6 million. These contributions highlight the close ties that have formed between the crypto sector and the Trump administration.

The donations come at a critical moment when US lawmakers are considering new regulations to govern blockchain technologies. The Trump administration has expressed a favorable stance towards the crypto industry, which faced difficulties during Obama's presidency with issues like the SEC's investigation into Bitcoin futures trading.

Mark Uyeda, the new head of the SEC, has dropped numerous investigations targeting crypto companies, particularly those who contributed to the inauguration fund.

For example, Uniswap CEO Hayden Adams personally donated $245,000 to the inauguration fund, and Consensys donated $100,000. One month later, in February, Uniswap announced that the SEC had dropped its investigation. Similarly, Consensys benefited from the termination of a legal action initiated by the agency.

The Trump family is also involved in several crypto-related projects. The president launched his own memecoin on the Solana blockchain, while his family created World Liberty Financial, a company issuing a stablecoin pegged to the US dollar.

These developments raise questions about possible conflicts of interest and the line between financial support and regulatory favoritism.

The inauguration fund also received significant contributions from companies outside the crypto world, including McDonald’s, Meta, Apple, Delta Air Lines, and Nvidia, bringing the total net donations to $239 million between November and April.

These contributions reflect the diverse support that Trump's presidency has received from both the private and public sectors. The large-scale mobilization of the crypto industry to support the new American president is a testament to the perceived favorability of his administration towards their sector.

As the dust settles on the 2024 election and the new president begins his term, the focus shifts to the policies and actions that will shape the future of the United States and its role in the global community.

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