The post XRP News: Ripple Donates $5 Million in XRP to Trump’s Inaugural Fund appeared first on Coinpedia Fintech News
Ripple has pledged $5 million in XRP to President-elect Donald Trump’s inauguration fund. Ripple’s CEO, Brad Garlinghouse, has already had a private meeting with President Trump, which caused a major movement in the market, especially for the XRP price.
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 US $1 million each. Donors will be invited to a Sunday service, an inaugural ball, and even have the chance to meet members of Trump’s cabinet.
The main reason behind these donations is the need for clearer rules in the cryptocurrency industry. Trump’s business-friendly approach and promise to ease regulations make him an important figure for the crypto world.
What’s Next For Ripple?
Ripple’s involvement in significant events like this, coupled with its partnerships with institutions like Bitstamp and its ongoing efforts in the global market, solidifies its place as a leading player in the crypto world.
Ripple’s engagement with key U.S. officials is becoming more visible. In addition to this donation, Ripple has had multiple meetings with the Federal Reserve and other major financial players. The company is positioning itself as a leader in the blockchain and cryptocurrency space, with XRP as its flagship asset. The donation could also signal Ripple’s strategy to increase its visibility and influence as cryptocurrencies continue to evolve in the U.S.
While the market may experience volatility, the underlying fundamentals for XRP and Ripple remain strong. The push for tax-free crypto payments and the growing integration of blockchain in global financial systems suggest that XRP’s potential is just beginning to be realized.