Ripple Donates $100,000 in XRP for California Wildfire Victims
Ripple Labs Inc has donated $100,000 worth of #XRP to support California wildfire victims through The Giving Block.
The donation follows The Giving Block's initiative to raise up to $2 million for those affected by the wildfires, which have caused economic losses estimated at $200 billion, making it the most costly fire outbreak in U.S. history.
Key Facts
- California wildfires resulted in significant human and property losses.
- Ripple previously donated $50,000 in its RLUSD stablecoin to the Los Angeles Fire Department Foundation.
- Other companies and celebrities are also contributing to relief efforts.
- In 2020, Ripple donated $200,000 to COVID-19 relief funds.
- In July 2024, Ripple donated $1 million to John Deaton’s Senate campaign against Senator Elizabeth Warren.
Warren has been a critic of the crypto industry and is linked to regulatory movements impacting crypto firms.