Ripple Donates $5 Million in XRP to Trump’s Inaugural Fund, Joining Kraken's $1 Million Contribution as Fund Hits $200 Million

Dec 20, 2024, 09:42 PM

Ripple has announced a donation of $5 million in XRP to support President-elect Donald Trump's inaugural fund, as reported by multiple sources including Fox Business. This contribution matches the largest single donation in U.S. inauguration history. Ripple joins other major cryptocurrency players, such as Kraken, which has pledged $1 million, and MoonPay, which is also expected to contribute. The inaugural fund is reportedly already at $200 million and could reach $225 million by Inauguration Day, reflecting strong financial backing from the crypto industry amid promises of a crypto-friendly administration.