President Donald Trump’s inaugural committee received millions of dollars in donations from firms in the cryptocurrency industry that’s already seeing special attention from his administration, disclosures filed with the Senate Office of Public Records show.

Tech titans Amazon and Meta each contributed $1 million to Trump’s inaugural committee. The companies’ respective founders, Jeff Bezos and Mark Zuckerberg, have publicly cozied up to Trump in recent months and attended his inauguration at the Capitol. The Biden administration led antitrust lawsuits against both companies.

The launch of the Trump token, which hit a $15 billion valuation, rides the trend and raises questions. Axios reporter Brady Dale explains what a meme coin is and what owners can actually do with them.