Ripple's Financial Support: Debunking Political Allegation Rumors

user avatar

by Giorgi Kostiuk

2 years ago

Ripple's Chief Legal Officer, Stuart Alderoty, has refuted claims that Donald Trump criticized Kamala Harris for receiving financial backing from Ripple executives. Alderoty called these allegations 'pure fiction.'

Origin of the Rumors

Rumors began circulating from various media outlets, suggesting Trump accused Ripple of backing Harris instead of him. An Axios report quoted Trump allegedly asking, 'When I needed you, where were you?', without naming the company involved.

Ripple's Response

Stuart Alderoty took to X (formerly Twitter), dismissing the claims as baseless and questioning the credibility of anonymous sources.

Ripple's Consequences

Despite the rumors, Ripple announced a $5 million donation in XRP to Trump's inauguration fund, indicating a desire to support pro-crypto policies.

The rumors about Ripple's political motives have been debunked, but interest in the company's activities in both political and blockchain arenas remains high.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

AI Researchers Reduce Quantum Attack Resource Benchmark by 86 Times

chest

Researchers have reduced the computing resources needed for a potential quantum attack on Bitcoin and Ethereum by 86 times.

user avatarJesper Sørensen

Regulators Urge Faster Cybersecurity Measures in Banking Sector

chest

Regulatory bodies are urging banks to adopt quicker patching and incident response strategies to combat evolving cyber threats.

user avatarRajesh Kumar

Advanced AI Accelerates Cyberattack Risks for Banks

chest

A new paper highlights the increasing threat posed by advanced AI to banks' cybersecurity, emphasizing the need for faster software repairs.

user avatarLucas Weissmann

US Stock Market Faces Turmoil Amid Rising Bond Yields and Oil Prices

chest

The US stock market is facing significant declines due to rising bond yields and increasing oil prices, influenced by geopolitical tensions.

user avatarFilippo Romano

Zoomex Launches World Trading Championship 2026 with Record Prize Pool

chest

Zoomex announces the launch of the World Trading Championship 2026 with a record prize pool of 5,000,000 USDT, featuring an expanded multi-asset competition format.

user avatarEmily Carter

Meta Platforms' Shares Surge Following AI Assistant Launch

chest

Meta Platforms' shares rose over 6% after the launch of its AI assistant, Muse, which helps users manage tasks and goals.

user avatarTomas Novak

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.