So, apparently, 15 crypto bigwigs and one too-curious-to-ignore gang threw over $85 million at Trump’s Inauguration. Yeah, you read that right. Donations over $100K each—because subtlety is for fiat money, not blockchain bros.
And surprise, surprise, most of these crypto darlings got something juicy in return: dropped legal cases, cozy new business deals, a front-row seat at Trump’s Crypto Summit, plus some undefined “and more,” which sounds like the crypto version of “trust me, it’s complicated.”
Crypto Went Full “Buy Me a Bridge” at Trump’s Party
Trump, who at some point figured “Why not be the Crypto President?” promised friendlier rules that made the industry feel all warm and fuzzy. His inauguration? Complete with a “Crypto Ball,” because nothing screams celebration like mixing volatility with formalwear.
A shiny new report popped out, cataloging crypto donations north of $100K. Spoiler: it’s an eye-opener.
Since Trump moved into the White House, he and his kin have been linked to crypto controversies that make Game of Thrones look like a kumbaya singalong. And those donations? Probably not a coincidence.
Take Coinbase, Crypto.com, Uniswap, Yuga Labs, Kraken, Ripple, Robinhood, and Consensys—they all had the SEC looking into them … until Trump’s term started, and suddenly, no more poking around.
Sure, the SEC might have chilled anyway, maybe they found better things to do, like figuring out who hacked their servers. But rubbing elbows with the President? That definitely didn’t hurt.
What Did the Crypto Donors Actually Get? More Than Just Good Vibes
Almost half the donor list saw their legal headaches vanish faster than your gains in a market dip. That’s one benefit. Others? Let’s just say IPOs, SEC approvals, and business hookups aplenty.
Circle went public, thanking Trump as if he personally handed them the keys, and Galaxy Digital got a shiny SEC green light for their reorg, clearing the path to Nasdaq stardom.
Meanwhile, Crypto.com and ONDO scored financial partnerships with Trump-associated ventures, because why keep it subtle?
Ripple’s big cheese Brad Garlinghouse hyped a bull market under Trump, and suddenly XRP, Solana, and Cardano—all major donors—made a cameo in the US Crypto Reserve announcement. Coincidence? Yeah, right.
Most of these donor firms got at least a little something. Multicoin and Paradigm got VIP passes to Trump’s Crypto Summit, while the Ethereum Foundation, bless their decentralized hearts, got ghosted.
Meanwhile, crypto insiders are busy accusing the whole setup of being as crooked as a badly executed NFT deal.
Some allegations might be more rumor than rock solid, but crypto under the Trump administration? Definitely a mix of movie magic and a cautionary tale. Buckle up.
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2025-04-22 03:02