{"id":23286,"date":"2025-04-22T12:36:25","date_gmt":"2025-04-22T09:36:25","guid":{"rendered":"https:\/\/forklog.com\/en\/crypto-firms-contribute-18-million-to-trumps-inauguration\/"},"modified":"2025-04-22T12:36:25","modified_gmt":"2025-04-22T09:36:25","slug":"crypto-firms-contribute-18-million-to-trumps-inauguration","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/crypto-firms-contribute-18-million-to-trumps-inauguration\/","title":{"rendered":"Crypto Firms Contribute $18 Million to Trump&#8217;s Inauguration"},"content":{"rendered":"<p>The inauguration fund for U.S. President Donald Trump amassed a record $239 million, with a significant portion coming from the cryptocurrency industry, according to a <a href=\"https:\/\/docquery.fec.gov\/cgi-bin\/forms\/C00894162\/1889684\/f132\">report<\/a> by the Federal Election Commission.<\/p>\n<p>Forbes reporter Ben Weiss calculated that players in the digital asset sector collectively donated approximately $18 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">crypto companies and execs donated $18 million to trump&#8217;s inauguration fund, according to sunday&#8217;s FEC filing:<a href=\"https:\/\/t.co\/5wJo077vmT\">https:\/\/t.co\/5wJo077vmT<\/a> <a href=\"https:\/\/t.co\/XyNLwSyY6k\">pic.twitter.com\/XyNLwSyY6k<\/a><\/p>\n<p>\u2014 Ben Weiss (@bdanweiss) <a href=\"https:\/\/twitter.com\/bdanweiss\/status\/1914425412614299907?ref_src=twsrc%5Etfw\">April 21, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Ripple Labs, contributing $4.9 million, ranked second on the overall list, trailing only the leading poultry producer Pilgrim\u2019s, which donated $5 million.<\/p>\n<p>Online broker Robinhood, which derives a significant portion of its revenue from cryptocurrency trading, donated $2 million.<\/p>\n<p>Other major sponsors from the industry included Circle, Coinbase, Galaxy Digital, Kraken, Foris DAX (operator of Crypto.com), Ondo Finance, and Solana Labs, each contributing $1 million to the inauguration fund.<\/p>\n<p>IOG Inc., the company behind Cardano, donated $250,000, while Joseph Lubin&#8217;s ConsenSys and NFT firm Yuga Labs each contributed $100,000.<\/p>\n<p>Hayden Adams, founder of the decentralized exchange Uniswap, donated nearly $246,000.<\/p>\n<p>During his campaign, Trump branded himself as <a href=\"https:\/\/forklog.com\/en\/news\/donald-trump-declares-himself-the-crypto-president\">\u201cthe crypto president\u201d<\/a>, promising to make the U.S. <a href=\"https:\/\/forklog.com\/en\/news\/trump-vows-to-make-america-the-crypto-capital-of-the-world\">\u201cthe world capital of digital assets\u201d<\/a> and to globally <a href=\"https:\/\/forklog.com\/en\/news\/donald-trump-vows-to-safeguard-bitcoin-mining-sector\">protect<\/a> the <a href=\"https:\/\/forklog.com\/en\/news\/donald-trump-envisions-a-bitcoin-mining-superpower\">mining<\/a> sector.<\/p>\n<p>The politician received notable support from crypto entrepreneurs. Gemini founders Tyler and Cameron Winklevoss donated <a href=\"https:\/\/forklog.com\/en\/news\/winklevoss-twins-donate-2-million-in-bitcoin-to-trump-criticize-biden\">$1 million each<\/a> in Bitcoin to his campaign.<a href=\"https:\/\/forklog.com\/en\/news\/jesse-powell-donates-1-million-in-cryptocurrency-to-donald-trump\"> A similar amount<\/a>, but \u201cprimarily in Ethereum,\u201d was contributed by Kraken co-founder Jesse Powell.<\/p>\n<p>As Trump returned to the White House, SEC Chairman <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> <a href=\"https:\/\/forklog.com\/en\/news\/gary-genslers-departure-a-retrospective-on-the-sec-chairs-tenure\">Gary Gensler<\/a> resigned. In recent months, the agency decided to cease investigations or legal actions against several crypto companies. This list included some sponsors of the president&#8217;s inauguration fund, such as <a href=\"https:\/\/forklog.com\/en\/news\/sec-concludes-investigation-with-coinbase\">Coinbase<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/sec-drops-investigation-into-robinhoods-crypto-division\">Robinhood<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/sec-withdraws-claims-against-ripple\">Ripple<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/joseph-lubin-announces-preliminary-agreement-with-sec\">ConsenSys<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/sec-concludes-investigation-into-uniswap-labs\">Uniswap<\/a>, and <a href=\"https:\/\/forklog.com\/en\/news\/sec-and-gemini-request-court-extension-for-dispute-resolution\">Gemini<\/a>.<\/p>\n<p>On April 21, Paul Atkins <a href=\"https:\/\/forklog.com\/en\/news\/paul-atkins-takes-helm-at-sec\">was sworn in<\/a> as the new head of the SEC. His nomination was <a href=\"https:\/\/forklog.com\/en\/news\/trump-nominates-paul-atkins-as-sec-chair\">put forward<\/a> by Trump and <a href=\"https:\/\/forklog.com\/en\/news\/paul-atkins-confirmed-as-sec-chairman-by-senate\">approved<\/a> by the Senate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The inauguration fund for U.S. President Donald Trump amassed a record $239 million, with a significant portion coming from the cryptocurrency industry, according to a report by the Federal Election Commission. Forbes reporter Ben Weiss calculated that players in the digital asset sector collectively donated approximately $18 million. crypto companies and execs donated $18 million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[991,842,26],"class_list":["post-23286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-donald-trump","tag-politics","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23286"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23285"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}