Ripple has pledged to donate $5 million worth of $XRP to the inauguration fund for President-elect Donald Trump. Ripple CEO Brad Garlinghouse has already had a private meeting with President Trump, which has caused a major market move, especially for the price of $XRP

In addition to Ripple, Brian Armstrong, CEO of #coinbase , and his company have donated $1 million to President Trump’s inauguration. Now, global trading platform Kraken and DeFi token project Ondo Finan have also contributed $1 million each. Donors will be invited to attend Sunday services, an inauguration ceremony, and will also have the opportunity to meet members of Trump’s cabinet.

The main reason behind these donations is the need for clearer rules in the cryptocurrency industry. Trump’s business-friendly approach and promise to ease regulations make him an important figure in the crypto world.

Ripple’s involvement in important events like this, along with its partnerships with institutions like#Bitstamp and its ongoing efforts in the global market, reinforces its position as a leading player in the cryptocurrency world. Ripple’s engagement with key U.S. officials has become increasingly visible. In addition to this donation, Ripple has held multiple meetings with the Federal Reserve and other major financial players. The company positions itself as a leader in the cryptocurrency space#blockchain