Trump's inauguration raised over $200,000,000 breaking all prior records. Ripple donated 500% more than crypto industry peers like Coinbase and Kraken. As a former Ripple employee, here is my take on their strategy and how it will affect $XRP:

Ripple is making one thing extremely clear: they strongly support Trump. However, their goal with cozying up to the Trump administration might not be what most people might expect. What do they want?

Ripple WANTS to be regulated. They have actually requested this for many, many years. Why would they want that though?

To understand this fully -- you need to understand the people who built Ripple. It all starts with the founder and current chairman: Chris Larsen. Why?

Chris was innovating in finance long before Ripple. He founded E-Loan in 1992 which he eventually took public. Then he built another massive scale fintech: Prosper, which facilitated over a quarter billion in loans. So why has he been calling for crypto regulation?

Because the payments focus was just a bootstrapping phase -- the real goal has always been to become the global settlement network for the trillions of dollars in traditional finance. Under Trump, that is now looking far more plausible. What could that mean for $XRP?

A lot: - Banks and fintechs might purchase $XRP to manage assets and transactions on the ledger - Other chains like Ethereum and Solana could be forced to reposition around $XRP - The $XRP Ledger revenue model could expand over 400x from the current payments focus

As an American crypto founder, I'm tracking updates on the regulatory front closely. I'll continue to share in depth analysis on how updates under Trump might affect Ripple and the rest of the American crypto industry. Follow me to get takes you won't see in the news.

I hope you've found this thread helpful. Follow me @0xASK for more. Like/Repost the quote below if you can:

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You might want to talk about Chris Larsen contribution to Harris campaign first

and Trump Jr buys ETH 🤦🏻‍♂️