According to recent sources, Ripple donated 5 million USD in XRP for the inauguration of President-elect Donald Trump. This is considered the largest cryptocurrency donation for this event.
In addition to Ripple, many other technology companies also participated in the contributions. Meta Platforms and Amazon each donated 1 million USD to the inaugural fund. The CEO of OpenAI, Sam Altman, also pledged to contribute 1 million USD.
1. Ripple's donation:
• Ripple is said to have donated 5 million dollars in XRP for President Trump's inauguration. This is described as the largest cryptocurrency donation for this event.
2. The new administration's cryptocurrency-friendly vision:
• The Trump administration is expected to facilitate the growth of the cryptocurrency industry through friendly policies. Key personnel options include:
• Paul Atkins, the new SEC Chairman, has been an early supporter of Bitcoin.
• David Sacks, head of the cryptocurrency and artificial intelligence sector.
• Other key positions with a positive outlook on blockchain.
3. Ripple and XRP's achievements:
• XRP is recovering strongly after a legal victory against the SEC, with a significant price increase, becoming the fourth-largest cryptocurrency by market capitalization.
• Ripple launched RLUSD, a dollar-backed stablecoin, approved in New York, showcasing the company's ecosystem expansion.
4. Interest from the tech industry:
• Many prominent figures in the cryptocurrency industry, such as Jesse Powell (Kraken) and Marc Andreessen, also participated in this event, marking significant interest from blockchain investors.
Comment:
• The information highlights the role of cryptocurrency in the political context, especially with an administration willing to cooperate with the blockchain technology industry.