• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple and Trump: The Potential for XRP Growth

user avatar

by Giorgi Kostiuk

a year ago

With Donald Trump's election to a new presidential term, the cryptocurrency XRP has a chance for significant growth due to new tax freedom initiatives for US-based cryptocurrencies.

Axis of American Crypto Companies

President Trump plans to eliminate taxes on profits from cryptocurrencies issued by American companies. In light of this news, Coinbase's stock has risen nearly 50%. Companies like Hedera Hashgraph, Cardano, Algorand, and Ripple are also expected to benefit significantly.

President Trump wants to eliminate all capital gains taxes on cryptocurrencies issued by U.S. companies.

Support from SBI Holdings

SBI Holdings, one of Japan's largest financial companies, owns 8% of Ripple Labs and actively supports XRP for cross-border transactions. Their stake is valued at 1.6 trillion yen, surpassing the market value of the company itself.

MicroStrategy Strategy for SBI

SBI plans to follow MicroStrategy's example by actively acquiring XRP. This could involve issuing bonds or increasing shares to fund purchases, similar to MicroStrategy's practices with Bitcoin.

SBI Holdings could adopt the MicroStrategy model and start buying XRP.

Trump's plans and the actions of big companies like SBI Holdings could provide a strong impetus for XRP growth, potentially attracting significant institutional investment in Ripple and strengthening the company's position.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

OTHERSBTC Ratio Stabilizes After Years of Decline

chest

The OTHERSBTC index shows signs of stabilization after years of decline, indicating potential for a shift in capital back into higher-risk altcoins.

user avatarRajesh Kumar

Altcoin Market Activity Increases Despite Broader Market Stagnation

chest

The altcoin market is showing signs of activity after months of selling pressure and uncertainty, with increasing exchange volume for altcoins, suggesting a specific group of investors is building positions.

user avatarMiguel Rodriguez

Cathie Wood Defends Bitcoin Bull Case of $125 Million

chest

ARK Invest CEO Cathie Wood defends her bullish forecast for Bitcoin, projecting it could reach $125 million within five years.

user avatarLuis Flores

Coinbase Launches AI-Driven Payment Tool Base MCP

chest

Coinbase has launched Base MCP, an AI-driven tool for blockchain operations via chat, enabling fund transfers, token swaps, and balance checks.

user avatarMaria Gutierrez

Concerns Raised Over AI Agent Security in Crypto Transactions

chest

Security researchers have flagged risks associated with AI agents in crypto transactions, suggesting they should be treated as untrusted components.

user avatarDavid Robinson

Cathie Wood Highlights Bitcoin's Supply Mechanics Compared to Gold

chest

Cathie Wood highlights the differences between Bitcoin's supply mechanics and gold, emphasizing Bitcoin's fixed supply and its implications for value.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.