Well, well, well! It seems our dear President Donald J. Trump has taken a fancy to the world of crypto, particularly to a little fish named Ripple. He decided to grace his Truth Social platform with not one, but two articles about this digital currency, stirring up a pot of speculation that could make a gumbo chef proud. Folks are scratching their heads, wondering what this “Trump effect” might mean for Ripple and its shiny token, XRP. It’s like watching a cat play with a mouse—entertaining and a tad perplexing! 🐱
What’s the Deal with Trump and Ripple?
In a flurry of digital activity, Trump posted two articles back-to-back on Truth Social, as if he were trying to set a world record for the fastest social media posts. The first, from CoinDesk, proclaimed, “Ripple’s Garlinghouse Touts ‘Trump Effect’ Amid Bump in US Deals,” while the second, from The Block, declared, “Ripple CEO Says 75% of Open Roles Are Now US-Based Due to ‘Trump Effect.’” Talk about a double whammy! 💥
Now, Ripple’s CEO, Brad Garlinghouse, is singing a different tune these days, claiming that since Trump’s reelection in November 2024, the company has seen a remarkable turnaround in its US fortunes. He’s calling it the “Trump effect,” which sounds like a catchy name for a new dance move. According to him, Ripple’s domestic business deals have surged like a summer storm, outpacing the previous six months combined. He attributes this to a friendlier regulatory climate and a sprinkle of optimism courtesy of the Trump administration. Who knew politics could be so profitable? 💰
Garlinghouse also let slip that a whopping 75% of Ripple’s new job openings are now based in the good ol’ US of A. This is quite the turnaround from years past when they were hiring overseas like it was going out of style, all thanks to the regulatory pressures at home. And just to keep the ball rolling, he retweeted a post from @BankXRP, which was practically a fanfare for Trump’s Truth Social musings. 🎉
Donald Trump posted two articles about ripple on TruthSocial back to back
Link
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) February 19, 2025
Now, why Trump decided to share these articles in such rapid succession is anyone’s guess. Perhaps he’s trying to start a new trend—who knows? The man loves to tout the “Trump effect” like it’s the latest fashion statement, claiming it’s the secret sauce behind his policies’ success across various industries. 🍔
Just two days before this crypto kerfuffle, the White House released a press statement with the headline “Trump Effect Shows No Slowdown.” It was a real doozy, claiming that in his first month back in office, Trump has been busy ushering in a “Golden Age of America.” They mentioned everything from border security to government accountability, but curiously, the crypto industry and Ripple were nowhere to be found in that grand narrative. Instead, they highlighted some rather mundane headlines about automakers and steel manufacturing. And let’s not forget the gem about “DOGE Discovering $1.9 Billion HUD Money ‘Misplaced’ By Biden Administration.” Now that’s a headline that could make a cat laugh! 🐶
As for XRP, it seems to be taking all this news in stride, standing firm at $2.60, as if to say, “I’m not worried about a little presidential chatter.”
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2025-02-20 08:45