Ripple News: Brad Garlinghouse's Dinner with Donald Trump Make XRP Bullish?

Bittime - Ripple , the global payments technology company, is preparing to strengthen its position in the United States. In a strategic move, the San Francisco-based company revealed that 75% of its new job listings are now aimed at recruitment in the US.

This significant moment was further reinforced by Ripple CEO Brad Garlinghouse's dinner with President Donald Trump, which is believed to have a positive impact on XRP holders.

This dinner was highlighted as it showed a significant change in Ripple's approach towards the domestic market. Previously, Ripple faced many regulatory hurdles that saw it almost move its operations overseas.

However, with the support of the incoming Trump administration, Garlinghouse is optimistic that the crypto industry, including Ripple, will get better treatment.

Why Is This Change Happening?

According to Garlinghouse, the “Trump effect” was the main catalyst for this change. In a social media post, he mentioned that the new Trump administration will bring innovation and job growth to the US.

This is in stark contrast to previous policies that were seen as freezing Ripple's expansion in the country. With Trump's endorsement, many expect that regulations will be more friendly towards digital assets, which will certainly benefit XRP.

This change can also be seen in Ripple's increased business activity in the US. Garlinghouse noted that the company has signed more deals in the past few weeks compared to the previous six months.

This shows that Ripple is not only planning to expand its presence, but also invest in innovations that can drive growth in its home market.

Also read: Ripple vs SEC: Lawyers Expose US Securities and Exchange Commission's Dirty Strategies

XRP Outlook Under the New Administration

With the Trump administration all set to sit in the Oval Office, analysts predict that 2025 could be a favorable year for XRP. A looser regulatory environment usually bodes well for digital asset prices.

If Ripple can operate without significant obstacles, there is a high probability that the price of XRP will see a significant rise.

The dinner between Garlinghouse and Trump also shows that Ripple is seeking to strengthen its position in the US market. With 75% of the new positions based in the US, Ripple is showing its commitment to investing in the domestic market.

This is a strategic move that could have a positive impact on XRP holders in the long run.

Also read: Latest Ripple News: RLUSD Listing on Multiple Exchangers and XRP ETFs

Trump's Involvement in Crypto Sector

Donald Trump's involvement with the crypto sector shows a significant change in his views.

While previously skeptical of Bitcoin, Trump has now shown support for crypto-focused initiatives. Meetings with key figures in the crypto industry, such as the CEOs of Crypto.com and Coinbase, show his intention to integrate crypto into his administration's economic agenda.

With cabinet appointments made up of crypto advocates, the Trump administration is expected to advance policies that support innovation in the sector. This could be a transformative era for crypto regulation and adoption in the US, which will certainly be positive for Ripple and the XRP price.

With all these developments, XRP holders and crypto market watchers will continue to monitor how the “Trump effect” could affect Ripple's price and adoption in the future. The year 2025 promises a lot of potential, and Ripple seems poised to take a big step in this increasingly competitive market.

FAQ

What impact will Brad Garlinghouse's dinner with Donald Trump have on Ripple?

The dinner between Brad Garlinghouse and Donald Trump could have a positive impact on Ripple, as it shows support from a new administration that is expected to be more friendly towards crypto regulation, which could benefit the price of XRP.

Why is Ripple increasing recruitment in the US?

Ripple is increasing recruitment in the US as part of a strategy to strengthen its presence in the domestic market, especially after facing many regulatory hurdles previously. With 75% of new positions based in the US, the company is showing its commitment to investing in this market.

What is expected from the Trump administration for the crypto industry?

The Trump administration is expected to bring more pro-crypto policies, loosen regulations, and support innovation in the blockchain sector. This could create a better environment for the future growth of Ripple and XRP price.

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References

bravenewcoin.com, Ripple CEO Brad Garlinghouse Has Dinner with President Trump, Bullish for XRP?, accessed on January 9, 2025.

cryptoslate.com, Ripple CEO Brad Garlinghouse hails Donald Trump meeting as US crypto engagement grows, accessed on January 9, 2025.

Author: AWW