- Ripple executives met with Trump prior to the SEC appeal filing.
- The election of Donald Trump has raised the value of XRP and Ripple’s presence in the US.
On the eve of a significant deadline in the ongoing legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC), its CEO, Brad Garlinghouse, and Chief Legal Officer, Stuart Alderoty, were reportedly spotted having dinner with former U.S. President Donald Trump. This high-profile meeting has sparked widespread conversation within the cryptocurrency community. By January 15, 2025, the SEC is expected to submit its opening brief in the appeal case. The date has been set, and there’s ongoing speculation that the court might delay it due to potential implications of a possible meeting between Ripple and the SEC.
In July 2024, Ripple partially prevailed as Judge Analisa Torres decided that XRP, their native cryptocurrency, was not classified as a security. This decision led to an increase in the value of XRP. However, the recent surge in XRP’s price can also be attributed to Donald Trump’s election as President in November 2024, given his pro-crypto stance. Since his victory, Trump has significantly impacted the market due to his influence on cryptocurrencies. Ripple executives suggest that Trump’s win plays a significant role in the growing optimism within the crypto market.
Ripple’s Strategic Move with Trump
A dinner attended by Garlinghouse, Alderoty, and Trump, as depicted in a social media post, has sparked discussion about potential implications on the ongoing lawsuit. Garlinghouse referred to it as a promising beginning for 2025, while Alderoty playfully commented on their meal. Ripple, known for its stance on the impact of Trump’s presidency on its business, has been growing its U.S. operations significantly since the election, with three-quarters of its open positions now located within the United States.
Ripple’s executives view Donald Trump’s positive stance on cryptocurrencies as a chance for growth, anticipating a favorable decision from the SEC soon. In light of this expectation, the company is gearing up to grow even more within the U.S., aiming to seal additional deals domestically. Ripple intends to leverage XRP to capitalize on the sustained optimism in cryptocurrency markets that Trump has fostered.
Industry experts predict that this dinner could signal a positive resolution for Ripple in their ongoing legal battle with the SEC. As January 15th draws near, the courtroom drama is sure to capture everyone’s attention. Additionally, there’s growing curiosity about how Rippe’s business strategy aligns with President Trump’s policies.
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2025-01-10 09:52