Ripple, Coinbase, Kraken Align with Trump for a Pro-Crypto Future

Ripple, Coinbase, Kraken Bet Big on Trump’s Pro-Crypto Agenda

As President-elect Donald Trump prepares for his inauguration, major cryptocurrency firms Ripple, Coinbase, and Kraken are investing heavily in the future of blockchain and digital assets. With multimillion-dollar contributions, the crypto industry signals its confidence in Trump’s potential to reshape regulatory frameworks in favor of blockchain innovation.

Crypto Giants Rally Behind Trump’s Inauguration

Fox Business reports that Coinbase and Kraken each donated $1 million to the Trump-Vance inaugural committee, which is overseeing the January 20 swearing-in of Trump and Vice President-elect JD Vance. Ripple made waves with a $5 million pledge in XRP tokens—the largest crypto donation in the event’s history.

Kara Calvert, Coinbase’s Vice President of U.S. Policy, emphasized the importance of engaging early:

“Coinbase is committed to working with the Administration and both sides of the aisle to create regulatory clarity for crypto.”

Kraken co-CEO Arjun Sethi echoed this sentiment, noting that Trump’s understanding of disruptive technologies makes him a pivotal ally for the crypto sector.

Record-Setting Contributions

These donations contribute to a staggering $200 million raised for the inauguration, dwarfing previous records, including the $107 million for Trump’s 2017 inauguration and $62 million for Joe Biden’s 2021 event.

Ripple CEO Brad Garlinghouse expressed optimism about Trump’s administration, particularly the appointments of crypto advocates Paul Atkins as SEC Chair and David Sacks as the new crypto and AI czar:

“With trusted, knowledgeable crypto advocates like Paul Atkins and David Sacks, the future of the crypto industry looks nothing but promising.”

Trump’s Pro-Crypto Shift

The industry’s support stems from Trump’s recent pivot toward blockchain-friendly policies. His decision to nominate Atkins—a well-known crypto advocate—to head the SEC and to appoint Sacks signals a sharp departure from Gary Gensler’s controversial tenure.

Ripple CEO Brad Garlinghouse described this as a chance for the industry to thrive:

“I’m optimistic we can finally move past the failed war on crypto waged by Elizabeth Warren’s attack dog, Chair Gensler.”

The Road Ahead for Crypto

As the crypto industry aligns with Trump’s pro-business and pro-innovation stance, the collaboration between the private sector and the administration could pave the way for clear, sustainable regulations. With Trump’s backing, the next chapter for blockchain and digital assets looks bright, promising unprecedented growth and mainstream adoption.

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