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Title: Ripple alongside Kraken and other cryptocurrency companies is supporting Trump’s inauguration with millions
In the midst of the ongoing festivities surrounding the inauguration of US President-elect Donald Trump, it has come to light that several prominent figures in the digital payment sector are pouring money into the event. According to recent reports, Ripple, the company behind XRP tokens, is planning to donate a staggering $5 million worth of their cryptocurrency in support of Trump’s inauguration.
It appears that the generosity doesn’t stop there, as other cryptocurrency companies like Kraken and Coinbase are also making significant contributions. As per data from OpenSecrets, a website that tracks political donations, it has been revealed that super PACs connected to the crypto industry have already donated an astonishing $133 million to various political campaigns.
The largest single donor is reportedly Coinbase, which contributed a whopping $1 million to Trump’s inauguration committee before the election results were even in. In a statement, Coinbase’s head of public policy, Kara Calvert, emphasized their commitment to working with both the administration and Congress on regulatory matters related to cryptocurrencies. Calvert further stated that they are eager to start working immediately after the inauguration, as they believe this will be crucial for shaping the future of digital currencies in the US.
The donations made by these cryptocurrency companies seem to be a clear indication of their willingness to work closely with Trump’s administration and Congress to push through policies favorable to their industry. It remains to be seen whether this massive influx of funds will have any impact on the country’s stance on cryptocurrencies.
It is worth noting that Ripple, in particular, has been quite vocal about its support for Donald Trump, with CEO Brad Garlinghouse expressing optimism about working with the new administration to advance their cause.
Source: www.bitcoinbazis.hu
