XRP Jumps 17% Amid Rumors of Ripple CEO Meeting with Trump 🥹
#Ripple Labs and CEO Brad Garlinghouse are under scrutiny following rumors of a meeting between Garlinghouse and President-elect Donald Trump. Critics, including Ryan Selkis and Pierre Rochard, accuse Ripple of promoting an “anti-Bitcoin agenda” and influencing U.S. policymaking in favor of $XRP and CBDCs. Despite the criticism, XRP’s value surged over 17% on November 15, fueled by hopes of a crypto-friendly #regulatory environment under Trump.
Garlinghouse, while optimistic about the Trump administration’s approach to crypto, neither confirmed nor denied the meeting during a Fox Business interview. The rumored meeting and Trump’s promise to fire #SEC Chair Gary Gensler have bolstered investor confidence, especially as several U.S. states pursue lawsuits against Gensler for alleged overreach against the crypto industry.
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