Ripple Backs $50M Crypto Advocacy Group

Ripple Labs is stepping up its role in crypto advocacy by funding a newly established nonprofit dedicated to educating the public on the real-world impact of digital assets.

On March 5, Ripple’s chief legal officer Stuart Alderoty announced on X that he would serve as president of the National Cryptocurrency Association (NCA) while retaining his position at Ripple. CEO Brad Garlinghouse confirmed that the blockchain firm would contribute $50 million to support the organization’s mission.

National Cryptocurrency Association: What’s the Goal?

The NCA’s official website states that the group was created to help Americans navigate the complexities of cryptocurrency adoption. While the organization does not explicitly identify as a political entity, it emphasizes informing the public on industry developments and regulatory matters.

Ripple’s involvement follows its increased political engagement ahead of the 2024 U.S. elections. The company previously donated $45 million to Fairshake, a crypto-focused political action committee (PAC) aiming to influence voter sentiment. Additionally, Alderoty personally contributed $300,000 to support Donald Trump’s campaign. Both he and Garlinghouse met with the former president at Mar-a-Lago in January and later attended key political events in Washington, DC.

501(c)(4) Status: A Lobbying Tool?

The NCA is structured as a 501(c)(4) nonprofit, a classification that allows it to receive unlimited corporate and personal donations while engaging in issue advocacy and lobbying. According to law firm Skadden, Arps, Slate, Meagher & Flom, such organizations are not obligated to disclose donors, making them a common vehicle for political influence.

Cointelegraph attempted to reach Alderoty for a statement, but he did not respond at the time of publication.

Ripple, the SEC, and Crypto’s Changing Landscape

The launch of the NCA coincides with a major shift in U.S. regulatory policies under the Trump administration. The Securities and Exchange Commission (SEC) has recently dropped lawsuits against firms like Coinbase, Cumberland DRW, and Consensys, but it has yet to overturn its $125-million judgment against Ripple.

Garlinghouse and Alderoty’s influence in Washington continues to grow. The Ripple CEO has confirmed his attendance at a March 7 White House crypto summit, where industry leaders and policymakers will discuss the future of digital assets.

Meanwhile, Trump recently proposed the creation of a national crypto stockpile, listing XRP as one of the five assets under consideration. The idea has sparked legal and regulatory debates, with experts questioning its feasibility.