Ripple to donate $5 million to Trump inauguration

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Ripple has pledged to donate $5 million worth of XRP tokens to President-elect Donald Trump's inauguration. It is the largest donor, but other crypto companies such as Kraken and Binance have also made donations, totaling about $8 million.

The donations come with several exclusive benefits, such as a private dinner with Trump and members of his cabinet.

"Ripple's donation to Trump is a record. Ripple just donated $5 million in XRP to fund Trump's $200 million inauguration reserve. This is the largest cryptocurrency donation ever. Cryptocurrency is no longer just an alternative investment vehicle, we are seeing it reshape the political world in real time," Mario Nawfal wrote on X (formerly Twitter).

In the last election cycle, Ripple was the leading donor to cryptocurrency candidates from both parties. However, crucially, this behavior continued after the election.

Last month, the company donated $25 million to prepare for the midterm elections in two years. Apparently, the company's political donations show no signs of stopping.

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