Ripple has pledged a $5 million XRP donation to President-elect Donald Trump’s inauguration fund, drawing significant attention within the crypto community.
Ripple's Bold Move: Strengthening U.S. Influence
Ripple CEO Brad Garlinghouse recently held a private meeting with Trump, which caused a noticeable uptick in XRP prices. This donation aligns with Ripple’s broader strategy to bolster its influence within U.S. political and financial systems. The company has maintained consistent engagement with key players such as the Federal Reserve and major financial institutions to promote blockchain adoption in traditional financial systems.
Crypto Community Rallies Behind Trump
Ripple isn’t the only crypto heavyweight backing Trump. Other major contributors include Coinbase CEO Brian Armstrong and Kraken, each donating $1 million. Ondo Finance, a DeFi platform, also joined with a $1 million contribution. These donations grant contributors exclusive access to inauguration events and meetings with Trump’s cabinet.
Ripple’s Expanding U.S. Strategy
Ripple’s donation underscores its intent to strengthen visibility and influence in U.S. political and financial circles. Previously, Ripple has actively worked with Federal Reserve officials and prominent financial entities to advocate for broader blockchain adoption. These strategic moves represent a crucial step for Ripple and the broader crypto community.
These actions reflect Ripple's strategy to integrate blockchain into traditional US financial systems and strengthen its position in the market.
