Donald Trump

James

<ul>
 <li><strong>Ripple’s Stuart Alderotty donated XRP worth $300,000 to Donald Trump’s campaign.</strong></li>
 <li><strong>The donation was converted to USDC, following Trump’s campaign policy for crypto donations.</strong></li>
</ul>
<p>In a&nbsp; tweet, Fox Business Journalist Eleanor Terrett announced that Ripple’s General Counsel, Stuart Alderotty, has donated $300,000 worth of XRP to former President <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/joe-biden-drops-out-of-presidential-race-bitcoin-whale-donald-trump-calls-for-all-btc-to-be-produced-in-the-u-s/" target="_blank" rel="noopener noreferrer nofollow">Donald Trump</a></span>. This information was uncovered using data from the blockchain analytics company Bread Crumb.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <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;">NEW: According to <a href="https://twitter.com/AppBreadcrumbs?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@AppBreadcrumbs</a>, <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a>’s General Counsel <a href="https://twitter.com/s_alderoty?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@s_alderoty</a> donated $300K in <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> to <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@realDonaldTrump</a>.</p>
 <p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1816537951377195137?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The tweet generated controversy among X users, with some questioning the veracity of the news. In response, James Delmore of Solidus Labs provided a screenshot as proof of this remarkable development.</p>
<figure style="width: 100%" class="wp-caption aligncenter"><img fetchpriority="high" decoding="async" class="size-medium" src="https://pbs.twimg.com/media/GTWlKvhXMAAHAhb?format=png&amp;name=medium" width="1200" height="224">
 <figcaption class="wp-caption-text">
  Source: James Delmore <a href="https://x.com/JamesDelmore1/status/1816551539433210292" rel="noopener noreferrer nofollow">on</a> X
 </figcaption>
</figure>
<h2 id="strong-xrp-donation-to-trump-sparks-new-debate-strong"><strong>XRP Donation to Trump Sparks New Debate&nbsp;</strong></h2>
<p>Interestingly, this donation occurred on June 11, 2024, rather than more recently. The specifics have only recently come to light, sparking new debate in the cryptocurrency industry.</p>
<p>Delmore confirmed that Alderotty transferred 624,000 XRP to Trump’s campaign, which was then converted to USDC worth $300,000. It is usual practice for Trump’s campaign to convert all cryptocurrency donations to USDC.</p>
<p>As we previously <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/breaking-donald-trump-to-accept-bitcoin-ripple-xrp-ether-and-crypto-for-president-rally-as-donations/" rel="noopener noreferrer nofollow">reported</a></span>, Donald Trump has started collecting cryptocurrency donations to help fund his campaign.</p>
<p>He has stated that he wants to create a “crypto army” to combat anti-crypto sentiment, particularly that advanced by Senator Elizabeth Warren. This move is consistent with Trump’s overall plan to increase the acceptability and integration of cryptocurrencies.</p>
<p>Furthermore, CNF <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/trump-advisor-proposes-using-bitcoin-as-national-reserve-asset/" rel="noopener noreferrer nofollow">reported</a></span> that David Bailey, a Trump advisor, proposed locking up 210,000 BTC held by the US for a decade, changing it into a national reserve asset. This method seeks to use Bitcoin’s growing value and stability as a financial hedge.</p>
<p>On the other hand, Whale Alert has <a href="https://x.com/whale_alert/status/1816453482569724131" rel="noopener noreferrer nofollow">detected a major whale transaction</a> involving the transfer of 23,854,937 XRP (worth $14,860,930) from Binance to an unknown wallet. Currently, the receiving wallet holds 23.267 million XRP, with the remaining sent to multiple exchange wallets, most likely for liquidation.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <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;"> 23,854,937 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (14,860,930 USD) transferred from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> to unknown wallet<a href="https://t.co/mmSiFYJfxy" rel="noopener noreferrer nofollow">https://t.co/mmSiFYJfxy</a></p>
 <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1816453482569724131?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>As of the time this article was written, the price of XRP was about <strong>$0.5954</strong>, down <strong><span style="color: #ff0000;">1.77%</span></strong> over the last 24 hours. Investors are paying great attention to the $0.60 mark as a major indicator of Ripple’s token trend.</p>
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Ripple’s Stuart Alderotty Donates $300K in XRP to Donald Trump’s Campaign Fund

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