Cryptocurrency firms donate millions to Trump’s inauguration fund, face dropped SEC investigations. FEC filings reveal details.

New filings from the Federal Election Commission (FEC) in the United States show that several cryptocurrency companies and their executives contributed to President Donald Trump’s inauguration fund following the 2024 election results. According to FEC reports released on April 20 by the Trump-Vance Inaugural Committee, Uniswap CEO Hayden Adams donated over $245,000, Solana Labs contributed $1 million, and Consensys, a software firm, sent $100,000 in January 2025 to support the then-president-elect’s inauguration. Major crypto firms like Coinbase, Ripple Labs, Kraken, Ondo Finance, and Robinhood had previously announced their support for Trump through donations to the inaugural fund. In total, the fund reported over $239 million in net donations between November 15 and April 20 from various companies and individuals, including McDonald’s, Apple CEO Tim Cook, OpenAI CEO Sam Altman, Delta Air Lines, ExxonMobil, FedEx, Nvidia, PayPal, Target, and Coca-Cola. Since Trump’s inauguration, the US Securities and Exchange Commission (SEC), under acting chair Mark Uyeda, has dropped multiple investigations and enforcement actions against crypto firms, including those that supported the president’s campaign or inauguration fund. Uniswap reported in February that the SEC had closed its investigation into the firm, while Consensys founder Joseph Lubin stated that the agency had agreed to settle a separate lawsuit. This is an evolving story, and additional details will be provided as they become available.

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