Crypto firms are making significant donations to Donald Trump's inauguration fund, signaling their hopes for a more favorable regulatory environment under his administration. Ripple has donated $5 million, shifting its support from Democratic candidate Kamala Harris, as it seeks a fresh start and escape from its ongoing legal battle with the SEC. Other crypto companies, including Robinhood, Coinbase, Circle, and Kraken, have also made substantial donations, hoping to solidify ties and potentially mitigate future regulatory challenges. The industry believes Trump's presidency could reset the narrative, foster innovation, and push back against the SEC's strict approach. The market is already showing signs of optimism, with Bitcoin recently experiencing a streak of consistent buying behavior, signaling institutional interest and a potentially more stable and liquid market in the future. However, the industry must remain vigilant and navigate potential challenges, including cybersecurity threats and economic instability.
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