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

*Author: Bankless*
*Published: Apr 22, 2025*
*Source: https://www.bankless.com/read/solana-labs-among-backers-for-trumps-239m-inauguration-fund*

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Crypto heavyweights like 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 CEO 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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