David Edwards
US President Donald Trump made a significant move when he published two tweets on Truth Social about Ripple Labs, which sparked conversations among cryptocurrency enthusiasts.
The CEO of Ripple’s View on Trump’s Effect
The articles cited remarks provided by Brad Garlinghouse, the CEO of Ripple, who had previously highlighted how regulations were changing when Trump was reelected in November 2024. Garlinghouse emphasized that Ripple was subject to severe commercial constraints in the United States during the previous SEC administration, which was headed by Gary Gensler.
But he pointed out that in the weeks preceding Trump’s inauguration, Ripple’s course shifted. In particular, Ripple signed more business deals in the United States during the final six weeks of 2024 than during the preceding six months. This change also affected the company’s employment practices, as 75% of available roles are now located in the United States, as opposed to the previous emphasis on foreign markets because of regulatory uncertainty.
The XRP Community Responds to Trump’s References to Ripples
Supporters of XRP responded strongly to Trump’s public recognition of Ripple. Some saw it as an indication that Ripple and XRP would receive regulatory relief or political support. Others conjectured that the continuing SEC v. Ripple dispute, which has long tainted the company’s U.S. activities, might be clarified by the Trump administration.
Judge Analisa Torres’ 2023 decision that retail sales of XRP did not violate securities regulations gave Ripple a partial legal success, but institutional sales’ securities classifications are still being questioned. The SEC appealed, hoping for a more expansive decision. Given Trump’s most recent involvement with the issue, some experts anticipate a similar de-escalation in the Ripple case, as the government recently paused proceedings in its complaint against Binance.
