Ripple CEO Brad Garlinghouse Sparks Excitement with Donald Trump Meeting Amid Ongoing SEC Lawsuit
In a surprise move, Ripple CEO Brad Garlinghouse recently shared a photo with former US President Donald Trump, revealing that the two had dined together. This unexpected meeting has generated significant interest, particularly given the looming January 15 deadline in the ongoing US Securities and Exchange Commission (SEC) lawsuit against Ripple.
A Turning Point for Ripple and the Crypto Industry
Pro-XRP lawyer John Deaton took to social media to share his thoughts on the remarkable turnaround of Ripple and its CEO, Brad Garlinghouse, over the past two years. Deaton highlighted Garlinghouse and Ripple’s General Counsel, Stuart Alderoty, as key figures in the industry’s resurgence. He emphasized that Ripple was unfairly targeted by the SEC, with Garlinghouse personally sued despite the absence of any fraudulent activity.
Criticism of SEC Tactics
Deaton criticized the SEC for employing aggressive and unfair tactics during the case, including pressuring Ripple’s customers and partners overseas. Despite Ripple providing comprehensive records of every XRP transaction, the SEC attempted to force Garlinghouse to hand over his personal financial details, including credit card statements. Deaton noted that the SEC’s actions pushed ethical limits, stating, “Not only was Ripple unfairly sued, Garlinghouse was individually sued (in a non-fraud case). Anyone familiar with the Ripple litigation, and I am, knows the SEC played dirty.”
A Victory for Ripple and the Crypto Industry
Deaton praised Garlinghouse for standing up to the SEC’s bullying tactics and refusing to back down. With the support of Ripple’s legal team, the company achieved a significant victory. Deaton concluded by expressing his optimism for the future of Ripple and the crypto industry, particularly with the upcoming change in US presidential administration.
Conclusion
The recent meeting between Ripple CEO Brad Garlinghouse and Donald Trump has sparked excitement and anticipation within the crypto community. As the January 15 deadline approaches, enthusiasts are eagerly awaiting the outcome of the ongoing SEC lawsuit against Ripple. With the crypto industry poised for significant changes, the next few weeks will be crucial in shaping the future of Ripple and the broader cryptocurrency market.
Source: Coinpedia.org
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