{"id":145388,"date":"2024-12-23T10:00:56","date_gmt":"2024-12-23T08:00:56","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145388"},"modified":"2024-12-23T09:38:32","modified_gmt":"2024-12-23T07:38:32","slug":"ripple-backs-trump-inauguration-with-5m-xrp-donation","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ripple-backs-trump-inauguration-with-5m-xrp-donation\/","title":{"rendered":"Ripple Backs Trump Inauguration with $5M XRP Donation"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-20\/kraken-ripple-ondo-finance-donate-to-trump-vance-inaugural-committee-xrp\" rel=\"nofollow\">move<\/a> <\/strong>comes alongside a private meeting between Ripple CEO Brad Garlinghouse and Trump, which sparked notable market activity, particularly affecting <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP\u2019s value<\/a><\/strong>.<\/p>\n<p>Ripple isn\u2019t 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\u2019s cabinet members.<\/p>\n<p>The driving force behind these donations is the crypto sector\u2019s need for regulatory clarity. Trump\u2019s pro-business stance and commitment to reducing red tape make him a pivotal ally for blockchain and cryptocurrency innovation.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-145355\" href=\"https:\/\/cryptodnes.bg\/en\/top-german-bank-granted-crypto-custody-license-by-regulators\/\" title=\"Top German Bank Granted Crypto Custody License by Regulators\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/buy-bitcoin-1-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Top German Bank Granted Crypto Custody License by Regulators<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Ripple\u2019s 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.<\/p>\n<p>This high-profile donation aligns with Ripple\u2019s 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\u2019s long-term potential, even as the market faces short-term fluctuations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple has taken a significant step in supporting the incoming administration by contributing $5 million worth of XRP to President-elect Donald Trump\u2019s inauguration fund.<\/p>\n","protected":false},"author":9,"featured_media":37974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,22],"tags":[280,424,243,375,386,122,223],"coin_category":[],"class_list":["post-145388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-others","tag-coinbase","tag-crypto","tag-federal-reserve","tag-kraken","tag-ondo","tag-trump","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ripple Backs Trump Inauguration with $5M XRP Donation<\/title>\n<meta name=\"description\" content=\"Ripple has taken a significant step in supporting the incoming administration by contributing $5 million worth of XRP to ...\" \/>\n<meta name=\"robots\" content=\"index, follow, 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