• 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

10 months 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

Market Sentiment Remains Cautiously Optimistic

chest

Despite Bitcoin's recovery, many altcoins are struggling, reflecting cautious investor sentiment in volatile trading conditions.

user avatarDiego Alvarez

Strategies for Effective ESG Derivative Reporting

chest

Strategies for Effective ESG Derivative Reporting

user avatarMaria Fernandez

The Importance of ESG Derivatives Reporting

chest

Financial market participants face challenges in integrating ESG factors into derivatives reporting due to evolving regulations.

user avatarKenji Takahashi

Employee Resigns from Input Output Global Amid Cardano Incident Fallout

chest

An employee from Input Output Global resigned due to concerns over legal risks associated with development mistakes after the Cardano incident.

user avatarGustavo Mendoza

Cardano Experiences Major Chain Split Due to Software Flaw

chest

Cardano experienced its first significant chain split in eight years due to a software flaw, leading to a temporary division of the network.

user avatarMiguel Rodriguez

Homer J Admits Responsibility for Cardano Chain Split Incident

chest

Homer J admitted responsibility for the Cardano chain split incident, stating it was a personal challenge gone wrong.

user avatarRajesh Kumar

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.