Ripple Grants $50 Million to Nonprofit Aiming to Raise US Crypto Awareness
The National Cryptocurrency Association (NCA) launched to educate U.S. consumers about cryptocurrencies, supported by a $50 million grant from Ripple. The NCA aims to provide resources for understanding the digital asset market and data on crypto adoption. President Stuart Alderoty emphasized the inevitability of crypto's mainstream acceptance. A CoinShares study indicated that 80% of financial advisors would pay for crypto education. Recent fluctuations in crypto trading volumes and prices reflect ongoing market uncertainties, with a 28% drop to $132.2 billion in one day. Ripple CEO Brad Garlinghouse highlighted the growing opportunity for crypto in the U.S. Ripple has invested $75 million in a pro-crypto super PAC for the 2024 Presidential election and engaged with the SEC, which maintains a lawsuit against the firm. XRP was trading at $2.48, up 3% in 24 hours.
