I read that "
Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
And what if politicians take donations in altcoins, like how Trump also received some? Does that mean their decisions on regulations could end up favoring altcoins over Bitcoin?
As far as I know, it's legal in the USA for businesses and organizations to donate millions of dollars to politicians in exchange for winning, they'll do something in their favour, so I expect that Ripple donated 10$ Million in XRP to Kamala Harris because they expect something from her. I don't know what is this something.
There haven't been crypto donations done before. I think that the next time there might be some regulations on Bitcoin and crypto donations but their decision won't favour altcoins over Bitcoin because they think about Bitcoin as an asset similar to Gold, which they'll probably invest in and save.
Btw regulations might be about the transparency of Bitcoin transactions. I think they'll have to declare who sent them the transaction and how much because imagine the president receiving Bitcoins from an unknown source or from a wallet that's tagged, that can quickly become a scandal.