As an analyst, I recently came across some intriguing news from my personal timeline. On January 7, 2025, I had the opportunity to join Ripple‘s CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty for a meal with President-elect Donald Trump at Mar-a-Lago. Their posts on platform X, complete with a photo of the trio, quickly caught fire, spreading like wildfire across the digital landscape.
What Did Ripple’s Execs Discuss With Trump?
Garlinghouse expressed, “Had an excellent dinner the previous night with Donald Trump and Stuart Alderoty. A promising beginning to 2025!” Alderoty, offering a personal touch, commented, “…and by the way, the beef bourguignon was fantastic.” The two executives did not provide details about the topics discussed during dinner, prompting the cryptocurrency community to ponder whether regulatory issues or the ongoing legal dispute with the U.S. Securities and Exchange Commission were under discussion.
Set to take office later this month, President-elect Trump appointed Paul Atkins in December as head of the Securities and Exchange Commission (SEC). Given the current Ripple-SEC lawsuit, analysts are curious if the administration of Trump and Atkins might change the SEC’s approach to appeals. As reported by Bitcoinist yesterday, the SEC must submit its grounds for appeal by January 15, which is only a few days before Inauguration Day. Some members of the XRP community speculate that under new leadership, withdrawing the appeals could be an option, but no official announcements have been made yet.
Although details about the conversation are scant, crypto enthusiasts have generally expressed positivity towards the meeting. Charles Hoskinson, creator of Cardano, directly commended Garlinghouse with a post that read, “Well done Brad.” This praise was mirrored by other key figures in the field.
Moon Lambo (@MoonLamboio) expressed through X, “If someone had doubts about Trump being serious about enhancing crypto, those doubts can now be laid to rest!!! $XRP.” Pro-XRP attorney Bill Morgan responded with “I love that,” and Joey Swoll (@TheJoeySwoll) chimed in, “Let’s make crypto great again! Let’s go! #XRPARMY
While some individuals didn’t take the meeting without questioning, @DarkhorseDNME4 raised concerns about the meeting’s expenses. In a tweet, they asked, “Just to clarify… you’ve met with Donald Trump before, but earlier Stuart said you hadn’t… could you tell me how much that encounter cost? I heard dinners with Trump can go up to $100k per seat.
As a XRP investor, I must say the general sentiment within our community remains positive. Many analysts are hopeful that the incoming Trump administration may bring more favorable policies for cryptocurrencies based on their comments during the dinner.
People are referring to a tweet that Garlinghouse posted on January 5th, which was only a few days before the Mar-a-Lago meeting. In this tweet, Garlinghouse referred to what he called the “Trump bull market.” Specifically, he wrote that the year 2025 had arrived and that the Trump bull market was indeed real. For Ripple, this sentiment held even more weight given that Gensler’s SEC had essentially halted their business opportunities in the United States for several years. Garlinghouse’s optimism about the situation was evident and well-deserved.
Garlinghouse additionally shared concrete indications of progress. He stated that currently, 75% of Ripple’s job openings are based in the U.S., compared to the majority of hires over the past four years being outside the U.S. Moreover, he disclosed that within the last six weeks of 2024 (since the election), Ripple has secured more deals within the U.S. than it did in the previous six months.
He attributed these advancements to the “impact of Trump,” arguing that, even prior to assuming office, President-elect Trump, together with his associates like Scott Bessent, David Sacks, and Paul Atkins, had been spurring innovation and job creation.
At press time, XRP traded at $2.28.
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2025-01-08 18:11