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<ul>
 <li>Trump’s crypto support is rising, with Ripple’s CLO donating 624,000 XRP to his campaign.</li>
 <li>Ripple’s CLO donated $300,000 in USDC, highlighting Trump’s growing alliance with the crypto community.</li>
 <li>Prominent crypto figures have collectively raised over $4 million for Trump’s campaign.</li>
</ul>
<p>Former President <a href="https://cryptonewsland.com/donald-trump-advocates-for-u-s-leadership-in-cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">Donald Trump’s support for cryptocurrency</a> is gaining significant traction. Recently, Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, made headlines by donating 624,000 XRP to Trump’s campaign.&nbsp;</p>
<p>The donation, which was converted to $300,000 in <a href="https://www.usdc.com/" target="_blank" rel="noopener noreferrer nofollow">USDC</a>, underscores the growing alliance between Trump and the cryptocurrency community. However, Stuart Alderoty’s generous contribution is not an isolated event.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a>'s CLO Stuart Alderoty donates 624,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> to Trump’s campaign, converted to $300k USDC. The donation, made public recently, reflects Trump's support for crypto. Other industry giants have also contributed, raising over $4M in crypto. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/7M1i41s6fi" rel="noopener noreferrer nofollow">pic.twitter.com/7M1i41s6fi</a></p>— Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1816733289371050325?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 26, 2024</a>
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<h2 class="wp-block-heading" id="h-industry-leaders-rally-behind-trump">Industry Leaders Rally Behind Trump</h2>
<p>Other prominent figures in the cryptocurrency industry have also shown their support for Trump, collectively raising over $4 million in crypto donations. Trump’s support for cryptocurrency has been a topic of discussion and debate. During his presidency, Trump had <a href="https://cryptonewsland.com/donald-trump-flips-stance-on-crypto-endorses-digital-assets-in-presidential-race-against-biden/" target="_blank" rel="noopener noreferrer nofollow">mixed views on digital assets</a>.&nbsp;</p>
<p>However, his recent campaign activities indicate a more favorable stance towards the crypto industry. This shift is evident as prominent industry leaders align themselves with his campaign, potentially anticipating favorable policies for the crypto market.</p>
<h2 class="wp-block-heading" id="h-strategic-use-of-usdc-in-donations">Strategic Use of USDC in Donations</h2>
<p>The donation from Ripple’s CLO, converted to USDC, is particularly noteworthy. USDC, a stablecoin pegged to the US dollar, ensures the donation retains its value, reflecting a strategic move by Alderoty.&nbsp;</p>
<p>By opting for USDC, Alderoty minimizes the volatility risks associated with cryptocurrencies like <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP</a>. Ripple has been a significant player in the cryptocurrency market.&nbsp;</p>
<p>The firm’s involvement in such a high-profile political campaign could signal a broader acceptance and integration of crypto assets in political fundraising. This move might encourage other political figures to explore crypto donations.</p>
<p>Furthermore, the collective $4 million raised in crypto donations for Trump’s campaign is a testament to the industry’s mobilization. This development signals the readiness of crypto enthusiasts to support candidates who advocate for favorable regulations and policies for digital assets.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/bitcoin-to-300k-altseason-is-almost-here-analysts-weigh-in/" rel="noopener noreferrer nofollow">Bitcoin to $300K, Altseason Is Almost Here: Analysts Weigh In</a></li>
 <li><a href="https://cryptonewsland.com/ripple-vs-sec-ripple-clo-alderoty-addresses-misconceptions-in-sec-lawsuit/" rel="noopener noreferrer nofollow">Ripple vs. SEC: Ripple CLO Alderoty Addresses Misconceptions in SEC Lawsuit</a></li>
 <li><a href="https://cryptonewsland.com/the-befe-coin-challenge-turning-100-into-300k/" rel="noopener noreferrer nofollow">The BEFE Coin Challenge: Turning $100 into $300K</a></li>
 <li><a href="https://cryptonewsland.com/ripples-clo-joins-deaton-in-challenging-secs-actions/" rel="noopener noreferrer nofollow">Ripple’s CLO Joins Deaton in Challenging SEC’s Actions</a></li>
 <li><a href="https://cryptonewsland.com/ripple-clo-unveils-sec-settlement-offer-marking-legal-milestone/" rel="noopener noreferrer nofollow">Ripple CLO Unveils SEC Settlement Offer, Marking Legal Milestone</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/300k-xrp-donation-to-donald-trump/" rel="noopener noreferrer nofollow">$300K XRP Donation From Ripple’s CLO Propels Trump’s Crypto Vision</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

$300K XRP Donation From Ripple’s CLO Propels Trump’s Crypto Vision

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