Cryptocurrency firms, including Ripple, made significant donations for Donald Trump's inauguration, drawing attention from various sectors.
Ripple's and Other Companies' Donations
Crypto company Ripple made headlines with its $5 million donation in XRP to the Trump-Vance inaugural committee. This move is part of a broader effort by firms supporting the Trump administration. Other crypto participants, including Coinbase and Kraken, also contributed $1 million each to the committee. MoonPay confirmed its involvement but didn't disclose the donation amount.
Crypto Industry Hopes for Regulatory Clarity
Leaders of the cryptocurrency industry express hopes for regulatory clarity under Trump's pro-crypto stance, which could provide more stable conditions for crypto operations in the US.
Experts Warn of Stability Risks
Some experts warn that a limited policy window could negatively impact market stability, requiring careful attention to planned changes.
Donations for Trump's inauguration underscore the growing involvement of the crypto industry in the political sphere, despite regulatory uncertainties.
