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Crypto: Ripple's CEO Accused Of "selling Dreams" To Trump

Sun 17 Nov 2024 ▪ 4 min read ▪ by Mikaia A.
Getting informed Crypto regulation

The Ripple barons know how to juggle opportunities like circus artists. Brad Garlinghouse and Chris Larsen, fervent players in the crypto ecosystem, have reportedly recently changed sides. After supporting Kamala Harris, rumors now link them to Donald Trump, igniting heated debates in the crypto sphere. The effect was swift: XRP surges, and Ripple intrigues more than ever.

Illustration d'un spectacle de cirque et Donald Trump

Rumors about Donald Trump and Ripple: crypto is igniting

When we talk about news Ripple and Donald Trump in the same sentence, the web ignites. The buzz about a supposed meeting between Brad Garlinghouse and the former president of the United States has unleashed passions. According to analysts, these rumors would have boosted XRP, driving its price up by 17 % on November 15.

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

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

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

Key points to remember:

  • The XRP price climbed 17 % on November 15;
  • The market reacted to Trump’s promise to fire Gary Gensler;
  • 18 U.S. states have filed a lawsuit against Gensler for over-regulation.

Whether one is 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 expressed enthusiasm for the potential of a future under his presidency.

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

This confidence is explained: Gary Gensler, at the head of the SEC, has been a hindrance to crypto-assets. Trump, by promising his eviction, has won the favor of Ripple and other altcoins.

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

If some denounce a political manipulation attempt, Garlinghouse remains optimistic. For him, this dynamic could redefine the American landscape of crypto-assets: « A new breath for innovation and entrepreneurship. »

In conclusion, Ripple, once an ally of Kamala Harris, continues to surprise. Amid rumors, games of influence, and the surge of XRP, the altcoin rises to the center of crypto news. As regulations waver and alliances form, Ripple proves it is ready to redefine the rules of the game.

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Mikaia A. avatar
Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.