• 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

BRICS Trade Without Dollar Expected to Exceed $1 Trillion

chest

BRICS trade conducted without the dollar is projected to surpass $1 trillion by the end of 2025.

user avatarMaria Gutierrez

BRICS GDP Hits 40% of Global Total, Surpassing G7

chest

The BRICS bloc's GDP has officially reached 40% of the global total, surpassing the G7's share.

user avatarDavid Robinson

Petrodollar Decline Reshapes Global Economic Landscape

chest

The decline of the petrodollar is reshaping global economic dynamics, with BRICS nations leading growth.

user avatarArif Mukhtar

ECB Supports Centralized Oversight of Crypto Markets

chest

The European Central Bank has backed the EU's proposal to centralize oversight of key financial markets, including crypto, under a single authority.

user avatarAndrew Smith

Circle CRCL Addresses Backlash Over Drift Protocol Exploit

chest

Circle has publicly addressed criticism regarding its response to the exploit of Solana's Drift Protocol, which resulted in a significant loss of funds.

user avatarJacob Williams

HKMA Grants First Stablecoin Licenses to Standard Chartered and HSBC

chest

The Hong Kong Monetary Authority (HKMA) has issued its first stablecoin licenses to Standard Chartered's joint venture and HSBC on April 10, 2025.

user avatarZainab Kamara

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.