Ripple Labs has launched the National Cryptocurrency Association (NCA), a non-profit organization focused on educating Americans about how cryptocurrency enriches people and companies. The initiative is being supported by a $50 million grant from the company.
Ripple’s chief legal officer, Stuart Alderoty, will serve as NCA’s president while continuing his role at the blockchain firm. CEO Brad Garlinghouse emphasized the need for awareness, saying the group aims to help Americans make sense of crypto by sharing real-world adoption stories.
The NCA is registered as a 501(c)(4) organization, which means it can accept unlimited corporate and personal donations. While it claims to be “politically agnostic,” such entities can legally engage in lobbying and political activities without disclosing donors.
This move comes as Ripple ramps up its influence in the U.S. political landscape. The firm previously donated $45 million to Fairshake, a crypto-focused political action committee. Alderoty also contributed $300,000 to support Donald Trump’s campaign and met him at Mar-a-Lago.
Meanwhile, Ripple is still battling the SEC, which continues to appeal a $125 million judgment against the company. However, under Trump’s administration, the SEC has dropped cases against other crypto firms like Coinbase and Consensys.
Garlinghouse is also set to attend a White House crypto summit on March 7, where the U.S. president has proposed adding XRP to a national crypto reserve—an idea that has sparked legal concerns.
Also Read: White House to Host First-Ever Crypto Summit Under Trump
