In a significant development, during Donald Trump’s campaign, someone at the Trump rally in the South Bronx raised a placard bearing a caricature of Trump that said ‘XRP is not a security’. Meanwhile, this has emerged just after Trump’s campaign began accepting donations via cryptocurrencies like XRP. Trump has been an advocate for cryptocurrencies and has stated that his administration would avoid unfavorable crypto regulations. Notably, Ripple Labs secured a partial victory in July 2023 as Judge Analisa Torres ruled that XRP by itself, is not a security.

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