Ripple’s $5M Donation Draws Crypto Focus to Trump-Vance
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Ripple and other crypto firms back Trump’s inauguration with significant donations. Crypto leaders hope for regulatory clarity under Trump’s pro-crypto stance. Experts warn Trump’s limited policy window could affect crypto market stability. Ripple’s $5 million donation in XRP to the Trump-Vance inaugural committee drew attention across the crypto sector. This action is part of a wider push by prominent industry leaders who have aligned with the Trump administration. The contribution is aimed to finance celebrations for President-elect Donald Trump and Vice President-elect J.D. Vance’s January inauguration. Other prominent crypto players, including Coinbase and Kraken, also contributed $1 million each to the Trump-Vance Inaugural Committee. MoonPay, another crypto company, confirmed it donated, but did not reveal the amount. Source: X According to Fox Business reports, these donations showed the crypto industry’s rising enthusiasm for Trump, mostly because of his pro-crypto stance and promises of a relaxed regulatory approach compared to Joe Biden. Ripple’s $5 Million Donation and Regulatory Support Coinbase’s VP of U.S. Policy, Kara Calvert, underscored the importance of early contact with the new administration to advocate for simpler regulations in the crypto industry. Other crypto leaders, including Kraken co-CEO Arjun Sethi, echoed that view and voiced optimism about future collaboration with President Trump and his team. Ripple’s CEO, Brad Garlinghouse, also praised the Trump administration’s crypto-friendly direction. He highlighted the appointments of Paul Atkins, nominated for SEC Chairman, and David Sacks, chosen as a crypto and AI czar. Market Impact and Future Outlook Even with the positive sentiment around these donations, industry experts voiced concerns about how Trump’s economic policies could affect the crypto market. Arthur Hayes, the founder of BitMEX, predicted that Trump’s policies might trigger market fluctuations. Read also: Crypto Markets in 2025: Trump’s Policies and Dollar Weakness Hayes warned that although the crypto industry hoped for…
