Trump’s Ripple Posts Ignite XRP Hype!
In a surprising turn of events, the 47th President of the United States, Donald Trump, took to Truth Social to share two posts related to Ripple Labs, igniting widespread speculation among XRP enthusiasts.
Trump’s Ripple-Related Posts
The posts reference recent remarks by Ripple CEO Brad Garlinghouse, who, ahead of Trump’s inauguration, discussed shifting dynamics in the crypto industry following Trump’s reelection in November 2024.
Garlinghouse emphasized that Trump’s victory had direct implications for Ripple. Under the previous SEC administration, led by Gary Gensler, Ripple faced significant regulatory challenges, which hindered its business operations in the U.S. for years. However, in the weeks leading up to Trump’s return to office, Ripple experienced a dramatic change in its business landscape.
Specifically, Garlinghouse revealed that Ripple secured more U.S.-based deals in the final six weeks of 2024 than it had in the previous six months. This shift also influenced the company’s hiring strategy—before the election, most of Ripple’s recruitment efforts were focused overseas due to its client base being primarily international. Post-election, however, 75% of Ripple’s open positions were U.S.-based, marking a significant transformation in the company’s operations.
XRP Community Reacts
Trump’s public mention of Ripple triggered strong reactions from the XRP community. Many viewed it as a potential sign of political or regulatory support for Ripple and its native cryptocurrency, XRP. Others speculated that the new administration might take steps to resolve the long-standing SEC lawsuit against Ripple, which has clouded the company’s U.S. prospects for years.
The SEC’s lawsuit, which alleged that Ripple unlawfully sold XRP as an unregistered security, significantly impacted the company’s opportunities in the U.S. While a partial legal victory came when Judge Analisa Torres ruled that Ripple’s retail sales of XRP did not violate securities laws, institutional sales were still classified as securities transactions.
The Gensler-led SEC sought a broader win, appealing parts of the ruling. However, speculation is mounting that the SEC, under potential new leadership, could withdraw the appeal and move toward a settlement. This theory gained traction after the SEC and Binance agreed to pause legal proceedings in their case. Analysts suggest similar resolutions could follow for other crypto firms, including Ripple—an idea reinforced by Trump’s Ripple-related posts.
What Comes Next?
While Trump’s social media activity has fueled optimism within the XRP community, it remains uncertain whether it signals a definitive policy shift. His posts may simply reflect noteworthy industry developments rather than a clear commitment to resolving Ripple’s legal battle with the SEC.
Nonetheless, with the evolving regulatory landscape under the new administration, many in the crypto space are watching closely to see if Ripple’s fortunes in the U.S. continue to improve.
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