Ripple CEO Meets Trump: What It Means for XRP

Ripple’s CEO, Brad Garlinghouse, reportedly met with President-elect Donald Trump, sparking speculation about the future of XRP and crypto regulation.

A post by Good Morning Crypto on X revealed that Garlinghouse confirmed the meeting during a recent media interview. While details about the timing, location, and agenda remain undisclosed, the news has ignited debates among cryptocurrency enthusiasts about the potential implications of the meeting.

Ripple’s Legal Struggles Under Biden

Ripple has faced intense regulatory scrutiny during the Biden administration. Its ongoing legal battle with the SEC centers on whether XRP qualifies as a security. Ripple scored a partial court victory in 2023, but the SEC’s subsequent appeal has prolonged the dispute, making it one of the most-watched cases in the crypto space.

What Could Have Been Discussed?

While no official details about the meeting have surfaced, speculation abounds:

1. Regulatory Challenges:
   Crypto enthusiasts like Craig Hoqf believe Garlinghouse likely raised Ripple’s struggles with the SEC and sought Trump’s support for clearer regulatory guidelines under his administration.
2. XRP’s Role in Economic Recovery:
   Others, including user Kapetas95, speculate that the discussion might have focused on how XRP could help reduce the national debt by leveraging blockchain for cross-border payments and economic innovation.

XRP Market Surge

Ripple’s challenges haven’t hindered XRP’s recent market performance. Over the last seven days, XRP has surged by 78.4%, outpacing major cryptocurrencies. Notably, in the past 24 hours alone, XRP has seen a 24.3% rise, significantly higher than BTC’s 3.6%, ETH’s 1.7%, SOL’s 3.6%, and BNB’s 0.6%.

On November 5, XRP was trading around $0.5053. Since then, the price has climbed by an astounding 94.25%, reflecting growing optimism in the asset amid speculation about the potential regulatory shift under the Trump administration.

What’s Next for Ripple?

The meeting underscores Ripple’s efforts to shape the conversation around crypto regulation. With Trump’s administration expected to adopt a more crypto-friendly stance, the Ripple-SEC saga could take a significant turn in 2025.