Ripple Donates $5 Million in XRP to Trump’s Inaugural Fund
Ripple has pledged $5 million in XRP to President-elect Donald Trump’s inaugural fund. Ripple CEO Brad Garlinghouse has had a private meeting with President Trump, which has caused major moves in the market, especially the price of XRP.
In addition to Ripple, Coinbase CEO Brian Armstrong and his company donated $1 million to President Trump’s inauguration. Now, global trading platform Kraken and tokenized DeFi project Ondo Finance have also contributed $1 million each. Donors will be invited to Sunday services, the inaugural ball and even have the opportunity to meet members of Trump’s Cabinet.
The main reason behind these donations is that the cryptocurrency industry needs clearer rules. Trump’s business-friendly attitude and commitment to deregulation have made him an important figure in the crypto world.
What’s next for Ripple?
Ripple’s participation in such major events, coupled with partnerships with institutions like Bitstamp and continued efforts in global markets, solidifies its position as a leading player in the crypto world.
Ripple’s contacts with key U.S. officials are becoming increasingly apparent. In addition to this donation, Ripple has held multiple meetings with the Federal Reserve and other major financial institutions. The company positions itself as a leader in the blockchain and cryptocurrency space, with XRP as its flagship asset. The donation may also signal Ripple’s strategy to increase its visibility and influence as cryptocurrencies continue to grow in the U.S.
Although the market may be volatile, the fundamentals of XRP and Ripple remain strong. The push for tax-free crypto payments and the growing integration of blockchain into the global financial system shows that XRP’s potential is only starting to be realized.
