#Ripple CEO's Alleged #Trump Meeting Stirs Crypto Market
The cryptocurrency market experienced significant movement following rumors of a meeting between Ripple CEO Brad Garlinghouse and President-elect Donald Trump. XRP, Ripple's native token, surged 17% on November 15, reflecting market optimism about potential regulatory changes.
The speculation gained traction when Garlinghouse gave an evasive response during a Fox Business interview regarding the alleged meeting. Meanwhile, Trump's promise to dismiss SEC Chairman Gary Gensler on his first day in office has garnered widespread support from the crypto industry.
However, the rumored meeting has drawn criticism from industry executives, who express concerns about Ripple potentially influencing U.S. policymaking with an "anti-bitcoin agenda". The controversy comes amid a broader legal challenge, with 18 U.S. states filing a lawsuit against Gensler for alleged overreach in crypto industry regulation.
The market response has been notably positive, with #Xrp🔥 price surge coinciding with growing expectations of a more crypto-friendly regulatory environment under a potential Trump administration. $XRP
