Former U.S. President Donald Trump has stirred discussions in the crypto community after sharing two articles about Ripple (XRP) on Truth Social. His posts have fueled speculation about Ripple’s regulatory status and potential business opportunities in the U.S
What Did Trump Say About Ripple (XRP)?
Trump’s posts referenced statements from Ripple CEO Brad Garlinghouse, who emphasized that the U.S. crypto industry could enter a new era following the 2024 presidential election. He highlighted that under former SEC Chairman Gary Gensler, Ripple faced significant restrictions on its U.S. operations. However, with Trump’s potential return to office, Ripple’s domestic agreements reportedly surged within six weeks.
Ripple Expands Its U.S. Presence
Before the election cycle, Ripple’s hiring strategy was focused internationally. However, due to Trump’s influence, the company has shifted gears, with 75% of its new hires now based in the United States. This transition signals Ripple’s renewed commitment to the U.S. market, leveraging the easing of regulatory uncertainty to expand local business operations
Advertisement Banner
XRP Community Reacts to Trump’s Support
Trump’s engagement with Ripple-related topics has been received positively within the XRP community. Many investors view this as a sign of potential regulatory or political support for XRP. Speculation is also rising that a Trump administration could facilitate the resolution of Ripple’s legal battle with the SEC.
Could There Be a Breakthrough in the Ripple Lawsuit?
The SEC lawsuit against Ripple, which alleged that XRP was sold as an unregistered security, resulted in a court ruling that favored individual investors. Recent developments, such as the SEC dropping appeals in the Binance case, have led to speculation that a settlement with Ripple could be possible. While Trump’s posts do not confirm a policy shift, XRP investors are closely watching how a new administration might reshape the crypto regulatory landscape.
- https://twitter.com/Thebitjournal_
- https://www.linkedin.com/company/the-bit-journal/
- https://t.me/thebitjournal
Follow us on Twitter and LinkedIn and join our Telegram channel to get instant updates on breaking news!
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
For advertising inquiries, please email . [email protected] or Telegram
