Ripple Backs Trump Inauguration with $5M XRP Donation

Ripple has taken a significant step in supporting the incoming administration by contributing $5 million worth of XRP to President-elect Donald Trump’s inauguration fund.

This move comes alongside a private meeting between Ripple CEO Brad Garlinghouse and Trump, which sparked notable market activity, particularly affecting XRP’s value.

Ripple isn’t the only crypto company stepping forward. Coinbase, under CEO Brian Armstrong, donated $1 million, while Kraken and DeFi platform Ondo Finance each pledged the same amount. These contributions come with exclusive perks, including access to an inaugural ball, a Sunday service, and opportunities to meet Trump’s cabinet members.

The driving force behind these donations is the crypto sector’s need for regulatory clarity. Trump’s pro-business stance and commitment to reducing red tape make him a pivotal ally for blockchain and cryptocurrency innovation.

READ MORE:

Top German Bank Granted Crypto Custody License by Regulators

Ripple’s involvement in high-profile initiatives like this underscores its ambition to cement its status as a key player in the crypto industry. Through partnerships with entities such as Bitstamp and ongoing engagements with major financial institutions like the Federal Reserve, Ripple is positioning itself as a leader in blockchain technology.

This high-profile donation aligns with Ripple’s broader efforts to strengthen its influence in the U.S. market and beyond. By pushing for tax-free crypto transactions and supporting blockchain integration in global financial systems, Ripple signals its confidence in XRP’s long-term potential, even as the market faces short-term fluctuations.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.