On Friday, the historic first cryptocurrency summit will take place at the White House, inviting numerous crypto companies based in the U.S. Despite various steps taken by Trump to make the country a crypto capital, the cryptocurrency markets are showing signs of weakness due to tariff impacts, even amid several positive developments. What is Ripple’s recent move aiming to achieve?
Ripple’s Cryptocurrency Foundation
Stu Alderoty, who serves as Ripple’s Chief Legal Officer, will be the President of the newly established National Cryptocurrency Association (NCA). Ripple 
$1 states that this non-profit organization was created to educate Americans about cryptocurrencies. However, this late initiative also seems motivated by Ripple’s desire to enhance its political power.
In a statement regarding the issue, Alderoty emphasized the importance of making cryptocurrencies accessible to ordinary Americans and demystifying them. He noted that there has previously been a complex narrative surrounding crypto, filled with insider jargon and exclusivity.
NCA and Ripple
As a significant player in the industry, Ripple can potentially transform the NCA into a highly effective educational institution with millions of dollars in funding. More Americans are likely to dream about cryptocurrencies and gain at least some understanding of what cryptocurrencies are not. Strengthening crypto literacy will also help alleviate concerns about a future market dominated by speculative tokens.
The National Cryptocurrency Association (NCA) aims to inform people about what cryptocurrencies are, their importance, the logic behind wallets, and how they can be used. Additionally, it will provide useful education to protect individuals against fraud.
While there are crypto associations like Stand with Crypto and the Blockchain Association, these are often used for lobbying efforts. Ripple claims, somewhat unconvincingly, that it has no goals related to lobbying or political activities.
