Ripple Execs Meet Trump—Could XRP Soar as SEC Lawsuit Nears Resolution?
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty meet with President-elect Trump, fueling speculation about the resolution of Ripple's SEC lawsuit and the future of XRP.
Ripple Execs Meet Trump—Could XRP Soar as SEC Lawsuit Nears Resolution?
A private dinner between Ripple’s top executives and President-elect Donald Trump has set the cryptocurrency world abuzz. Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty attended the meeting on January 6, sparking speculation that the longstanding legal battle between Ripple and the SEC might be nearing a resolution.
Ripple’s Legal Battle with the SEC: A Quick Recap
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in December 2020, alleging that the company unlawfully sold XRP tokens as unregistered securities. This high-profile case has been closely watched, as its outcome could set a precedent for how cryptocurrencies are classified and regulated in the U.S.
The timing of Ripple’s dinner with Trump has fueled speculation about potential policy shifts under a possible second Trump administration. Industry experts have highlighted Trump’s pro-business stance as a possible advantage for Ripple and the broader cryptocurrency sector.
Industry Reactions and Optimism
The meeting drew attention across the crypto community, with prominent figures weighing in on its implications. Lawyer Jeremy Hogan, a well-known commentator on the Ripple case, reacted humorously on social media, saying:
“You know everything I’ve said about the Ripple lawsuit for the last four years? The hours and hours of videos, analysis, posts, research? Nevermind.”
Brad Garlinghouse also praised the Trump administration’s prior contributions to U.S. crypto growth. He noted that Ripple has increased domestic hiring, with 75% of new roles now based in the U.S.—a shift from years of overseas recruitment due to regulatory challenges under the SEC’s purview.
Garlinghouse credited Trump’s pro-crypto appointees, such as Scott Bessent, David Sacks, and Paul Atkins, for fostering innovation and driving economic growth. Additionally, he expressed optimism about the 119th Congress, calling it the most pro-crypto legislature in U.S. history.
What’s Next for Ripple and XRP?
The dinner meeting raises questions about the future of Ripple’s legal battle and the potential for regulatory clarity under new leadership. Many in the industry speculate that a Trump administration could create a more favorable environment for cryptocurrencies, potentially accelerating the resolution of Ripple’s SEC case.
If the lawsuit concludes favorably for Ripple, XRP could experience significant growth, positioning itself as a leader in the digital asset space. For now, all eyes remain on the ongoing legal proceedings and any upcoming policy announcements.
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