#solana

“$239M Crypto Power Play: Did Trump’s Donors Buy SEC Favors?”

In early 2025, major crypto companies like Consensys, Solana Labs, and Uniswap made large donations to Donald Trump’s inauguration fund, totaling $239 million from various donors. Just weeks after Trump's inauguration and the appointment of a new SEC head, several regulatory investigations into these companies were dropped. This raised suspicions about political favoritism and conflicts of interest. Notably, Trump and his family are also involved in crypto ventures, including launching a memecoin on Solana and a USD-backed stablecoin through World Liberty Financial. These events unfold amid ongoing debates over US crypto regulations.