President Donald Trump’s inaugural committee received millions in donations from some of the biggest names in crypto, including Coinbase, Crypto.com, Kraken, and Galaxy Digital, according to disclosures filed with the Senate Office of Public Records (OPR). These funds helped finance the official events surrounding his swearing-in as the 47th President of the United States on January 20, 2025.
Crypto Firms Show Strong Support
Several major crypto firms contributed $1 million each to Trump’s inaugural committee, including:
Coinbase Crypto.com Kraken Galaxy Digital Paradigm Operations
Meanwhile, Robinhood Markets outpaced these firms with a $2 million donation.
Additionally, Gemini co-founders Tyler and Cameron Winklevoss, along with prominent venture capitalists Marc Andreessen and Ben Horowitz, also backed the event financially.
Wall Street, Big Tech, and Energy Firms Join the Donor List
Trump’s re-election campaign and inauguration drew in a mix of tech giants, financial institutions, and energy corporations, including:
Amazon, Meta (Facebook), and Goldman Sachs ($1 million each) – notable as they did not contribute during Trump’s first term. Chevron Corp. ($2 million) and GE Vernova ($500,000). Oklo, a nuclear fission reactor manufacturer, donated $250,000. Hanwha Q Cells, a German solar panel company’s U.S. subsidiary, contributed $500,000. American Clean Power Association, a group representing wind, solar, and clean energy firms, donated $100,000. Healthcare firms Bayer Corporation and Johnson & Johnson also contributed.
These contributions reflect a broader shift in corporate engagement with Trump, as some firms that previously distanced themselves from his first presidency have now stepped forward with significant financial support.
Trump’s Meme Coin ($TRUMP) Crashes Post-Inauguration
In a bold and unconventional move, Trump also launched his own meme coin ($TRUMP) around his inauguration. While the coin initially soared, reaching a market cap of $14.9 billion, it plummeted 63% in just days, dropping to $5.5 billion as of Thursday.
When asked about the token’s performance, Trump gave a typically off-the-cuff response:
“I don’t know if it benefited, I don’t know where it is, I haven’t checked it, but I heard it was very successful.”
Crypto’s Influence in Politics Grows
Trump’s crypto-friendly stance has already drawn significant attention, with major players in the industry supporting his administration financially. His pledge to make the U.S. a global leader in crypto and blockchain appears to be resonating with industry leaders.
With a potential shift in U.S. regulatory policies under Trump, many are watching closely to see how his administration shapes the future of cryptocurrency and financial markets.
