Ripple CEO Brad Garlinghouse Criticized for Alleged Meeting with President-elect Trump
Brad Garlinghouse, CEO of Ripple Labs, finds himself at the center of controversy following rumors of a private meeting with President-elect Donald Trump. Speculation about the meeting surfaced on November 16, after Garlinghouse appeared on FOX Business, where he discussed the future of digital assets under the incoming administration. Although Garlinghouse has not confirmed or denied the meeting, reports suggest he advocated for XRP and central bank digital currency (CBDC) policies, coinciding with XRP’s recent price surge to $1.
The crypto community’s response to this alleged interaction has been mixed. Prominent figures, including Ryan Selkis, former CEO of Messari, criticized Garlinghouse for promoting Ripple’s agenda. Selkis remarked, “Brad Garlinghouse is pushing XRP and CBDC adoption, while I focus on American innovation and impactful policies. We are not aligned.” Pierre Rochard, Vice President of Research at Riot Platforms, also voiced concerns, warning against Ripple influencing U.S. crypto policies and calling for Trump to appoint Bitcoin proponents to key roles.
These developments occur as the crypto world anticipates how Trump’s administration will handle blockchain and digital currency regulation. During his campaign, Trump pledged to position the U.S. as a global crypto leader, establish a Bitcoin reserve within the Treasury, and bolster support for decentralized finance and BTC mining. His vow to replace SEC Chair Gary Gensler further underscores his intention to reshape the regulatory landscape. As the industry watches closely, Ripple’s role in this unfolding narrative remains under scrutiny.
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