Ripple Donates 1.7M XRP tokens to Kamala Harris as Trump Leads Crypto Polls: Will XRP Value React?…

Donald Trump has emerged the popular candidate amongst majority of cryptocurrency merchants, in line with information pulled from Polymarkets, a prediction markets platform that permits customers to put bets on real-world occasions with crypto.

On the time of writing on Oct 12, Polymarkets has collected bets value over $1.7 billion for the US presidential elections. Majority of crypto bettors at the moment have  Donald Trump in pole-position to win, with 54% votes in opposition to Kamala Harris’ 45.1%.

Evidently, this reveals that Ripple’s assist for Kamala Harris is at odds with the opinion of majority of world crypto buying and selling group.

Many anticipate that Larsen’s assist for Harris might doubtlessly enhance Ripple’s possibilities at lobbying favorable crypto laws, which might be essential for the companies long-term viability after years in litigation.

Nevertheless, with Trump is the lead, Ripple’s resolution to assist Harris stance is more likely to damage XRP’s short-term worth efficiency particularly if the hole widens.

Ripple vs SEC Appeals: XRP Falls Behind as Uptober Rally Begins

Larsen’s public endorsement of Harris comes at an important time for Ripple, which continues its authorized battle with the SEC. Over the previous week, each either side have locked horns once more, interesting in opposition to the ultimate judgment issued in August.

Amid Ripple’s ongoing litigation with the SEC, XRP worth has fallen behind the market uptrend up to now two weeks.

Since October three, the worldwide altcoin market cap (TOTAL3) has grown by $47 billion, reflecting a eight% restoration, in line with TradingView readings on the time of writing on Oct 12.