
Robinhood CEO Vlad Tenev has made a $2 million donation to Donald Trump's inaugural fund, emphasizing the need for innovation in cryptocurrency and artificial intelligence. Tenev criticized the U.S. Securities and Exchange Commission (SEC) for its stringent regulations on decentralized finance (DeFi), arguing that such measures hinder progress in the sector. This donation is part of a broader trend among technology executives, as many are seeking to improve relations with Trump ahead of his second term, which begins on January 20, 2024. Other notable contributions include $1 million each from Uber's Dara Khosrowshahi, Amazon, Meta, and OpenAI's Sam Altman. The influx of donations reflects a strategic shift among Silicon Valley leaders who aim to align themselves with the incoming administration to potentially mitigate regulatory pressures and foster a more favorable business environment.







NEW: OpenAI CEO Sam Altman likes to say he's never had equity in his company. Turns out, Altman had some equity in OpenAI through Sequoia at one point, which first invested in 2021. The CEO disclosed it on a podcast, and OpenAI confirmed in a statement to @TechCrunch. https://t.co/651MFyXnR3
Sam Altman once owned some equity in OpenAI through Sequoia: https://t.co/0PnDASA3tT by TechCrunch #infosec #cybersecurity #technology #news
Sam Altman once owned some equity in OpenAI through Sequoia - nice find by @ZeffMax https://t.co/A9J5RWdX74 via @techcrunch