Fox Business Reporter: Ripple CLO Donates $300,000 in XRP to Trump

IconCryptoNewsTerminal Staff25 Jul, 2024

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Fox Business Reporter: Ripple CLO Donates $300,000 in XRP to Trump

Fox Business reporter Eleanor Terrett recently tweeted that Ripple's Chief Legal Officer, Stuart Alderoty, donated $300,000 worth of XRP to former U.S. President Donald Trump. The Trump campaign had previously added cryptocurrency payment options, including XRP, BTC, and ETH, to its donation platform in May. This donation highlights the growing acceptance of cryptocurrency as a legitimate form of campaign finance. It also underscores the importance of transparency and disclosure in political donations. It's important to note that the donation was made in XRP, not USD. The value of XRP fluctuates constantly, so it's difficult to say exactly how much Alderoty's donation was worth at the time it was made. However, at the time of writing, $300,000 worth of XRP is equivalent to approximately $65,000. This donation is likely to spark further discussion about the role of cryptocurrency in politics. It remains to be seen whether other candidates will follow Trump's lead and accept cryptocurrency donations. However, this donation is a clear sign that cryptocurrency is becoming increasingly mainstream.

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