Ripple and Trump: The Potential for XRP Growth

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Charles Edwards of Capriole Investments Analyzes Bitcoin's Market Position

Charles Edwards, founder of Capriole Investments, analyzes Bitcoin's market position, indicating it is closer to the bottom than the top, emphasizing the importance of institutional buying and cautioning about current market conditions.

Tenzin Dorje2 hours ago

CLARITY Act Review Expected Amid TRUMP Memecoin Event

The upcoming review of the CLARITY Act in Congress is expected to coincide with the TRUMP memecoin gala luncheon.

Bayarjavkhlan Ganbaatar4 hours ago

Coinbase Denies Allegations of Opposing Bitcoin Tax Exemption

Coinbase denied allegations of opposing the proposed Bitcoin de minimis tax exemption, asserting its commitment to Bitcoin advocacy.

Mohamed Farouk5 hours ago

Bitcoin Policy Institute Highlights Legislative Efforts for Bitcoin Tax Exemption

The Bitcoin Policy Institute published a report on the ongoing discussions in Congress regarding the Bitcoin de minimis tax exemption, emphasizing Senator Cynthia Lummis's efforts.