Ripple CEO Brad Garlinghouse Confirms Mar-a-Lago Meeting with Donald Trump

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In a post on social networking sites, Brad Garlinghouse (CEO of Ripple) disclosed that he recently dined with the ex-President Donald Trump and Ripple’s General Counsel, Stuart Alderoty.

2025 kicked off on a significant note for Ripple, as the gathering held at Trump’s Mar-a-Lago resort marks a pivotal moment, particularly given the ongoing shifts within the cryptocurrency sector.

Ripple CEO and CLO Meeting with Donald Trump

On Monday evening, Brad Garlinghouse, CEO of Ripple, shared on the platform X (formerly Twitter) about his meeting with Donald Trump and Stuart Alderoty. He wrote, “Had an excellent dinner last night with @realDonaldTrump & @s_alderoty. Looks like 2025 is off to a promising start for Ripple!” This suggests that things are going well for Ripple based on this meeting.

In a playful manner, Stuart Alderoty, the legal lead at Ripple, made a comment regarding the dinner’s meal selection, saying, “The beef bourguignon was quite delicious.

As a crypto investor, I’m riding the wave of excitement as Ripple’s legal battles against the U.S Securities and Exchange Commission (SEC) are unfolding favorably in court, boosting optimism within the community. This positive momentum has sparked bullish predictions from crypto analysts, with some even forecasting a potential price surge for XRP, potentially reaching as high as $3.

John Deaton Breaks Silence on Ripple CEO Meet Up

Ripple has recently been drawing attention due to its legal triumph against the Securities and Exchange Commission (SEC). The SEC had claimed that both Ripple and Garlinghouse illegally sold unregistered securities through XRP. After a legal battle lasting over two years, Ripple emerged victorious, paving the way for potential new directions in the cryptocurrency sector’s future.

John E. Deaton, an ardent supporter of XRP and a legal expert, remarked on X that Ripple’s victory indicates the company has shown resilience throughout the case. He also noted the SEC’s tenacious strategy in the courtroom, which included serving subpoenas to Garlinghouse, requiring him to disclose financial records.

According to Deaton, Ripple and Brad have made public all past XRP transactions, but the SEC allegedly behaved unethically during the discovery process. Nevertheless, Ripple has shown resilience, implying that better outcomes are on the horizon for the company and the industry at large.

Cynthia Lummis Chats With US SEC Potential Chairman

As a crypto investor, I’ve taken note of Brad Garlinghouse’s recent remarks about Ripple’s growing presence within the U.S., signaling a return to our home turf after years of global expansion. Intriguingly, he revealed that an impressive three-quarters of the new hires at Ripple are now based right here in America – a stark contrast to the company’s previous emphasis on international markets.

Moreover, the company secured a higher number of U.S. business deals in the final six weeks of 2024 compared to the six months leading up to that timeframe.

The dinner takes place following a series of conferences between political figures and crypto supporters. U.S. Senator Cynthia Lummis, who supports blockchain technology, has also been in discussions with Paul Atkins, who is anticipated to become the SEC chairman under President-elect Trump. These conversations revolve around revising the SEC’s rule-making procedure and promoting the adoption of digital assets.

Ripple’s Growing Market Influence

In the realm of blockchain technology, Ripple is making a significant impact with an array of innovative products. As announced by Ripple’s President, Monica Long, the newly launched stablecoin, RLUSD, is anticipated to become available on various platforms in the near future.

Simultaneously, the company is collaborating with Chainlink to develop a secure and precise pricing system for RLUSD within the DeFi infrastructure.

Over recent advancements, the value of Ripple has seen an uptick, primarily driven by higher XRP prices and growing acceptance of their solutions. Previously, Ripple’s CEO Brad Garlinghouse noted that the $11 billion valuation of the company is outdated considering the current market conditions.

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2025-01-08 05:12