Company Directory - XRP
Company Details - XRP
XRP
WebsiteXRP is a digital asset and cryptocurrency that enables fast and low-cost international money transfers, aiming to facilitate cross-border transactions and provide liquidity for financial institutions.
CCI Score
CCI Score: XRP
6.68
-0.01%
Latest Event
Ripple Exec Donates $11M XRP to Kamala Harris' Campaign
Ripple co-founder Chris Larsen made significant political contributions by donating XRP worth approximately $11 million to Kamala Harris' campaign. The donations, split into a $1 million gift on October 11, 2024 and a $10 million donation on October 21, 2024, were aimed at supporting a pro-innovation and progressive regulatory approach in the cryptocurrency sector.
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OBJECTOR
XRP is currently rated as an Objector.
Latest Events
- OCT112024
Ripple co-founder Chris Larsen made significant political contributions by donating XRP worth approximately $11 million to Kamala Harris' campaign. The donations, split into a $1 million gift on October 11, 2024 and a $10 million donation on October 21, 2024, were aimed at supporting a pro-innovation and progressive regulatory approach in the cryptocurrency sector.
+80
Political Contributions and Lobbying Efforts
April 4
The substantial XRP donations by Ripple co-founder Chris Larsen to Kamala Harris’ campaign support a progressive political agenda, offering a counterbalance to authoritarian influences in crypto regulation. This financial contribution via political channels clearly aligns with anti-fascist, pro-democracy principles.
Ripple Co-Founder Explains $11M Donations To Harris’ Campaign
+70
Executive Political Engagement
April 4
Chris Larsen’s public endorsement and active financial support for Kamala Harris reflect strong executive political engagement. His actions indicate a commitment to fostering a more innovative and democratic regulatory environment for digital assets, marking a clear stance against authoritarian practices.
Ripple Co-Founder Explains $11M Donations To Harris’ Campaign
- AUG142024
Ripple co-founder Chris Larsen donated 1,754,815.29 XRP—valued at approximately $1 million—on August 14 through Future Forward USA, a Democratic Party-aligned super PAC supporting Kamala Harris. This donation reflects a commitment to progressive political engagement and counterbalances regulatory pressures from the previous administration.
+80
Political Contributions and Lobbying Efforts
April 4
The donation of a significant amount of XRP to a pro-Democratic PAC underscores a positive stance towards progressive political engagement and democratic values. This move supports anti-authoritarian efforts, aligning with anti-fascist principles by promoting candidates who are known for resisting far-right ideologies.
Ripple Labs Co-Founder Donates $1 Million in XRP to Pro-Kamala Harris PAC
- MAY292024
Ripple, representing the XRP digital asset, donated an additional $25 million to Fairshake PAC, bringing its total contributions to $50 million. The donation reinforces the firm’s strategy to support pro-crypto political candidates and influence regulatory policies.
-80
Political Contributions and Lobbying Efforts
April 4
Ripple's substantial donation to Fairshake PAC is a clear exercise in political influence, aimed at shaping pro-crypto regulatory policies and supporting candidates amenable to deregulation. This sizeable contribution, which doubles its previous donation, underlines the company's efforts to secure an environment favorable to its interests, ultimately risking the democratic process and undermining checks and balances in political advocacy.
Ripple Continues Political Advocacy with $25M to Fairshake PAC - DailyCoin
- JUL012023
Ripple has intensified its lobbying activities on Capitol Hill, spending nearly $500,000 in 2023 and employing experienced lobbyists, including former regulators and lawmakers, in efforts to shift crypto oversight from the SEC to the CFTC. This move comes amid ongoing litigation with the SEC and broader industry efforts to shape regulatory frameworks in favor of crypto companies.
-60
Political Contributions and Lobbying Efforts
April 4
Ripple’s significant spending on lobbying—totaling nearly $500,000 in 2023—and its strategic hiring of lobbyists to influence crypto regulation, particularly efforts to shift regulatory oversight from the SEC to the industry‐friendly CFTC, suggest a deliberate attempt to shape policy in a way that could weaken consumer and investor protections. Such political contributions and lobbying efforts are concerning from an anti-authoritarian standpoint.
How Ripple’s lobbying sets stage for $3m crypto clash on Capitol Hill
-50
Executive Political Engagement
April 4
The hiring of seasoned lobbyists and former lawmakers, often referred to as 'revolvers', by Ripple reflects an executive strategy aimed at directly engaging political figures to influence upcoming crypto-related legislation. This executive political engagement underscores a reliance on political influence to shape regulatory outcomes that favor corporate interests at the potential expense of robust consumer protection.
How Ripple’s lobbying sets stage for $3m crypto clash on Capitol Hill
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Industries
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- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
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- Miscellaneous Financial Investment Activities
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- Custom Computer Programming Services