Crypto Update: According to records, Consensys, Uniswap, and Solana contributed a substantial $239 million to fund Trump’s inauguration.

Prominent figures in the cryptocurrency sector, including Solana, Uniswap, and Consensys, are enhancing their political connections by making substantial donations to influence regulatory outcomes. Although the market remains unstable, Solana’s tactical initiatives and increasing involvement from institutional investors could potentially boost its value as 2025 nears. Recent records from the Federal Election Commission (FEC) have uncovered an unexpected surge of political donations originating from the cryptocurrency industry. Solana Labs, Uniswap, and Consensys were key contributors to former President Donald Trump’s recent inauguration fund. Additionally, a previous report by CNF mentioned that amid a governance discussion related to the unsuccessful SIMD-228, Solana quietly donated a significant $1 million, while Uniswap’s CEO Hayden Adams gave $245,000 and Consensys contributed $100,285. The Coinspeaker X account community also shared this information in a tweet, outlining: Solana, Uniswap, and ConsenSys Support Trump’s $239 Million Fund. Solana Labs contributed $1 million, the CEO of Uniswap donated $245,000, and Consensys gave $100,000 to the inauguration fund for Trump. These donations were part of a remarkable total of $239 million collected for the event, which saw support from a wide array of corporate sponsors. Ripple, Coinbase, and other companies also made contributions. Recent reports indicate that the crypto industry’s influence has become even more profound. Ripple Labs led the list of cryptocurrency donations with a substantial contribution of $4.9 million, placing it just behind the poultry giant Pilgrim’s Pride Corp. Other notable donors included Coinbase, Kraken, Ondo Finance, and Robinhood, each providing seven-figure donations. The donation pool also featured major tech companies like Apple and Meta, both of which, along with Apple CEO Tim Cook, gave $1 million each. Additionally, leaders in the AI industry, such as Sam Altman of OpenAI and Perplexity AI, participated in the donations. Although the U.S. government funds the formal inauguration activities, the additional celebrations depend on money collected privately through a Presidential Inaugural Committee. This has certain implications for Solana and the broader market.