Ripple’s $5 million donation to the Trump-Vance inaugural committee in $XRP has captured the attention of the entire crypto sector. The move is part of a larger push by prominent industry leaders who have joined the Trump administration. The donation is intended to fund celebrations for President-elect Donald Trump and Vice President-elect J.D. Vance in January.

Other prominent crypto players, including Coinbase and Kraken, have also contributed $1 million to the Trump-Vance inaugural committee. MoonPay, another crypto company, confirmed it made a donation but did not disclose the amount.

According to Fox Business, the donations demonstrated the crypto industry's growing enthusiasm for Trump, largely due to his pro-crypto stance and promises of a more lenient approach to regulation compared to Joe Biden.$LTC $AVAX #2024withBinance