Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty recently had dinner with President-elect Donald Trump at Mar-a-Lago, signaling a potential shift in the regulatory landscape for cryptocurrencies in the United States.
This meeting follows Ripple’s significant legal victory against the U.S. Securities and Exchange Commission (SEC), which had accused the company of selling unregistered securities through XRP transactions. The favorable outcome has enabled Ripple to refocus on the U.S. market, with 75% of its recent hires based domestically and a surge in U.S. business deals in the weeks following the legal win.
The dinner also comes amid broader political engagement with the crypto industry. Pro-crypto U.S. Senator Cynthia Lummis has been in discussions with Paul Atkins, who is expected to be nominated by President-elect Trump as the next SEC chairman. These talks are centered on reforming SEC regulations to advance digital asset adoption.
Ripple’s recent developments include the launch of the RLUSD stablecoin, which is set to be listed on multiple platforms, and a partnership with Chainlink to integrate secure pricing for RLUSD within the DeFi ecosystem.
The meeting between Garlinghouse and Trump has generated optimism within the crypto community, with some analysts predicting a potential rise in XRP’s value. However, specific details of the discussions remain undisclosed.
As the new administration prepares to take office, the crypto industry is hopeful for a more favorable regulatory environment that could foster innovation and growth in the U.S.
Leave a Reply