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Ripple CEO accused of “selling dreams” to Trump


Sun 17 Nov 2024 ▪
4
min reading ▪ by
Micaiah A.

The barons of Ripple know how to juggle opportunities like circus artists. Brad Garlinghouse and Chris Larsen, fervent players in the crypto ecosystem, have recently changed sides. After supporting Kamala Harris, rumors link them to Donald Trump, sparking heated debates in the crypto sphere. The effect did not take long: XRP jumped, and Ripple was more intriguing than ever.

Rumors around Donald Trump and Ripple: crypto is on fire

When we talk about current affairs Ripple and Donald Trump in the same sentencethe canvas bursts into flames. The noises of the corridor a supposed meeting between Brad Garlinghouse and the former president of the United States unleashed passions. According to analysts, these rumors would have boosted XRP, propelling its price of 17% November 15th.

What if this renewed interest was just a marketing stunt? Ryan Selkis, former CEO of Messari, did not mince his words:

« Brad Garlinghouse sells dreams with XRP and central bank digital currencies. »

The comment, relayed by Pierre Rochard of Riot Platforms, comes with a warning: Ripple could influence US politics to the detriment of Bitcoin.

Key points to remember:

  • The course XRP climbed 17% on November 15;
  • The market reacted to Trump’s promise to fire Gary Gensler;
  • 18 American states have taken action against the latter for excessive regulation.

Whether you are an admirer or a skeptic, one thing is certain: Ripple knows how to play its cards in the political arena.

Ripple facing the Trump administration: promising alliances?

Brad Garlinghouse cast doubt on Fox Business. Without confirming or denying a meeting with Donald Trump, he welcomed the potential of a future under his presidency.

« The crypto industry found an ally in Trump », he affirmed, praising a pro-innovation and entrepreneurial vision.

This confidence can be explained: Gary Genslerat the head of the SEC, was a brake for crypto-assets. Trump, by promising his ouster, attracted the favor of Ripple and other altcoins.

The complaint filed by 18 states reinforces this climate of distrust towards regulators, and Ripple seems ready to take advantage of it.

If some denounce an attempt at political manipulationGarlinghouse remains optimistic. For him, this dynamic could redefine the American crypto-asset landscape: “ A new lease of life for innovation and entrepreneurship. »

To conclude, Ripple, once an ally of Kamala Harris, continues to surprise. Between rumors, influence games and surges in XRP, the altcoin is at the heart of crypto news. As regulations falter and alliances form, Ripple proves it is ready to redraw the rules of the game.

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Micaiah A.

The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it

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