Ripple CEO Brad Garlinghouse recently confirmed a meeting with Donald Trump, fueling speculation within the crypto community. Reports suggest that the discussion may have included topics such as Ripple's ongoing legal battle with the SEC and Trump's pro-crypto stance as part of his presidential campaign. Trump has pledged to remove SEC Chair Gary Gensler, who has faced criticism for his strict regulatory approach towards cryptocurrencies.
This development has significant implications, as it coincides with market rumors about a potential resolution of the SEC's appeal in Ripple's favor. Such a resolution would reinforce the earlier court ruling that XRP is not a security, potentially setting a positive precedent for the broader crypto market.
XRP has reacted positively to these events, experiencing notable price gains amid renewed investor confidence. Let me know if you'd like further analysis on the potential outcomes for Ripple and XRP.