Key Takeaways:
- Ripple Funds NCA: Ripple is backing the National Cryptocurrency Association (NCA) with a $50M grant to educate the public on crypto adoption.
- Political & Advocacy Focus: The NCA, registered as a 501(c)(4), can engage in lobbying and advocacy, though Ripple’s legal chief calls it “politically agnostic.”
- SEC Legal Battle Continues: Ripple remains in litigation with the SEC, while CEO Garlinghouse engages in regulatory discussions, including a White House summit on March 7.
Ripple Labs has launched a new nonprofit, the National Cryptocurrency Association (NCA), to educate the public on cryptocurrency adoption.
Ripple’s chief legal officer, Stuart Alderoty, will serve as NCA president while retaining his role at Ripple.
The @NatCryptoAssoc (NCA) officially launches today, and I’m excited to join as President (in addition to my role as Chief Legal Officer at Ripple).
— Stuart Alderoty (@s_alderoty) March 5, 2025
What’s the NCA going to do, you ask? It’s putting a spotlight on real people and businesses using crypto everyday. NCA is not a… https://t.co/wrhj8vOS2T
The blockchain company is supporting the initiative with a $50-million grant.
The NCA aims to share real-world examples of crypto adoption to help Americans understand its benefits.
Though it claims to be politically neutral, the organization operates as a 501(c)(4) entity, meaning it can accept unlimited donations and engage in lobbying and advocacy without disclosing its donors.
Ripple’s involvement in crypto politics has been increasing.
The company previously contributed $45 million to the Fairshake political action committee to influence U.S. elections, and Alderoty personally donated $300,000 to a committee supporting Donald Trump.
Ripple founded the National Cryptocurrency Association with a two-year $50 million grant 🤔
— Bitcoin News (@BitcoinNewsCom) March 5, 2025
They are putting billboards all over Washington DC and releasing online videos in the run up to Trump’s Crypto Summit.
pic.twitter.com/LrKzxXnv3c
Both Alderoty and Ripple CEO Brad Garlinghouse met with Trump at Mar-a-Lago and attended political events.
This announcement comes as Ripple continues its legal battle with the SEC, which has appealed a $125-million ruling against the company.
Meanwhile, Garlinghouse is set to attend a March 7 crypto summit at the White House, as the U.S. government considers including XRP in a potential national crypto reserve.