• 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

SEC Introduces New Rules for Bitcoin ETF Collateral Use

chest

The SEC has introduced new rules allowing Bitcoin ETF holdings to be used as collateral for margin trading, enhancing institutional integration of Bitcoin.

user avatarTomas Novak

Strategy Boosts Bitcoin Holdings with $1.5 Billion Acquisition

chest

Strategy has raised over $1.5 billion to acquire an additional 22,337 Bitcoin, increasing its total holdings to approximately 761,068 BTC, solidifying its position as the largest corporate holder of Bitcoin.

user avatarKaterina Papadopoulou

XRP Ledger Achieves Milestone with Over 77 Million Holders

chest

The XRP Ledger has reached over 77 million holders and is experiencing a surge in daily transactions, indicating significant adoption.

user avatarMaya Lundqvist

Senator Warren Raises Alarms Over xAI's Pentagon Access

chest

Senator Elizabeth Warren raises concerns over xAI's access to Pentagon's classified networks due to security risks associated with the Grok chatbot.

user avatarLeo van der Veen

Oil Prices Surge Amid Geopolitical Tensions from Iran Conflict

chest

Oil prices have surged due to supply concerns from the Iran conflict, with predictions indicating further increases.

user avatarLi Weicheng

Urea Supply Chains Disrupted by Strait of Hormuz Closure Amid Iran Conflict

chest

The ongoing conflict in Iran has led to the effective closure of the Strait of Hormuz, significantly disrupting the supply chains for nitrogen-based fertilizers, particularly urea.

user avatarAisha Farooq

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.