Solana Labs Among Backers for Trump's $239M Inauguration Fund

New filings from the FEC reveal previously unreported crypto donors including Solana Labs, Yuga Labs and Uniswap's founder.

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Crypto heavyweights like Solana Solana Labs and Consensys contributed millions to Trump's $239M inauguration fund, sparking debates over regulatory influence.

What’s the Scoop?

  • Major Contributions: Solana Labs donated $1M, Uniswap Uniswap CEO Hayden Adams Hayden Adams contributed $245K, and Yuga Labs provided $100K to Trump's inauguration fund.
  • Regulatory Shifts: Under the new administration, the SEC closed investigations into Uniswap and Consensys, among others, shortly after the donations.
  • Concerns Over Conflicts: Trump's involvement in crypto ventures like memecoins and stablecoins raises questions about leveraging political power for personal gain.

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