First Ledger Claims XRP is ‘Building the White House’ with Ripple

TLDR

• Ripple has joined major corporations in funding a $300 million White House ballroom, marking a significant political move.
• The ballroom will host state events and official gatherings, being the most significant addition to the White House since 1942.
• Ripple’s donation follows a $5 million contribution to Trump’s inauguration, further solidifying its political involvement.
• The involvement of Ripple and other crypto firms has influenced U.S. regulatory changes, including the dismissal of key cases.
• The XRP community is divided over Ripple’s political engagement, with some supporting the move and others criticizing it.

The XRP community is buzzing after news revealed Ripple’s involvement in funding a new $300 million White House ballroom. Ripple, alongside other corporations like Coinbase and Tether, is helping finance this monumental project. The ballroom, set to host official events, is the most significant addition to the White House since 1942. First Ledger, a decentralized exchange built on the XRP Ledger, made headlines by stating, “XRP is building the White House.”

Ripple’s Financial Contribution to the White House Ballroom

Reports from CNN and NBC confirmed that Ripple, Coinbase, and several other companies are part of the financial backers. These entities are contributing to the construction of a new 90,000-square-foot ballroom. The ballroom will be used for state events and gatherings. It is the most significant upgrade to the White House in over 80 years.

This initiative is funded entirely by Trump’s private donors. Some of the other major contributors include Amazon, Apple, Microsoft, Meta, and Google. Ripple’s involvement in this project mirrors its growing presence in political and financial circles.

XRP’s Growing Influence in Washington D.C.

Ripple’s involvement in the White House ballroom project is part of its larger strategy. Ripple previously made a nearly $5 million donation to Trump’s inauguration committee. This sum was the second-largest donation overall and the largest from the crypto industry.

The donation also had a significant political impact. Ripple executives Brad Garlinghouse and Stuart Alderoty later attended a private dinner with Trump. The donation was part of a broader trend where crypto firms have increasingly influenced U.S. politics and policy.

This political involvement reflects Ripple’s growing role in Washington. The company’s contribution to Trump’s pro-crypto stance has been widely recognized. The appointment of Paul Atkins as SEC Chair was a key moment. This appointment shifted the regulatory tone, resulting in the dismissal of cases against Ripple, Coinbase, and other cryptocurrency firms.

XRP enthusiasts have mixed reactions to Ripple’s latest political move. Many supporters see the involvement as a significant milestone for XRP. One user remarked, “Ripple is found literally everywhere,” emphasizing the company’s rising prominence. They view it as proof of XRP’s integration into mainstream industries.

However, not all XRP holders are pleased with Ripple’s political connections. Some have criticized Ripple’s funding decisions. Fero, a user, claimed that everyday investors fund these large contributions. “Look where these guys are spending our money,” he said, expressing his dissatisfaction with the move.

The post First Ledger Claims XRP is ‘Building the White House’ with Ripple appeared first on CoinCentral.