Ripple’s CEO Brad Garlinghouse and Chief Authorized Officer Stuart Alderoty attended a personal dinner with US President-elect Donald Trump on the Mar-a-Lago Resort in Florida.
Whereas particulars of their dialogue stay underneath wraps, Garlinghouse described the assembly as a “robust begin to 2025” in a Jan. 8 publish on X.
This high-profile engagement highlights Ripple’s efforts to strengthen its presence within the US, a market that has seen renewed optimism following Trump’s election victory.
Garlinghouse famous that Ripple skilled a surge in US enterprise exercise throughout the remaining weeks of 2024, signing extra offers than within the earlier six months mixed. Moreover, 75% of the corporate’s open roles are actually primarily based within the US, signaling a strategic pivot after years of worldwide focus.
Trump’s crypto conferences
President-elect Trump’s engagements with the crypto sector reveal a major shift in his outlook.
As soon as skeptical of Bitcoin, Trump now champions initiatives equivalent to a nationwide Bitcoin reserve. Latest conferences at Mar-a-Lago with figures like Crypto.com CEO Kris Marszalek and a name with Coinbase CEO Brian Armstrong recommend an intent to combine crypto into his administration’s financial agenda.
Trump’s cupboard appointments additional spotlight his pro-crypto stance. His administration can be peopled by crypto advocates like Elon Musk, Howard Lutnick, and David Sacks, who’re poised to advance insurance policies specializing in crypto and synthetic intelligence.
These developments sign a doubtlessly transformative period for US crypto regulation and adoption.
Ripple developments
In a Bloomberg interview, Ripple’s President Monica Lengthy revealed plans to broaden the RLUSD stablecoin to further exchanges quickly.
Whereas she avoided offering a selected timeline, Lengthy indicated that the rollout is predicted “imminently,” reflecting Ripple’s confidence within the stablecoin’s market potential.
She emphasised that the stablecoin sector has witnessed substantial progress in current months, positioning RLUSD to capitalize on this development. Ripple’s cost enterprise, which not too long ago doubled its transaction quantity, is predicted to drive RLUSD adoption additional.
Lengthy additionally expressed optimism about approving a spot-based XRP exchange-traded fund (ETF). She predicted an uptick in purposes and a possible acceleration of regulatory approvals throughout the yr.
