cryptojournalist
Ripple’s XRP surged 17% on November 15 amid hopes for pro-crypto policies under Trump.
Ripple CEO Faces Backlash Over Alleged Meeting
Brad Garlinghouse, Ripple’s CEO, faced criticism after rumors of a meeting with President-elect Donald Trump spread online. Critics accused him of pushing XRP and central bank digital currencies (CBDCs)* while opposing Bitcoin.
Optimism for Crypto Under Trump
In an interview, Garlinghouse didn’t confirm the rumored meeting but praised Trump’s approach to crypto, calling it promising for innovation:
“Trump sees the opportunity… I’m excited about the future.”
SEC Tensions Drive Market Reactions
Garlinghouse said SEC Chair Gary Gensler’s strict policies held crypto back. Trump’s promise to replace Gensler boosted optimism, causing XRP’s price surge.
Lawsuit Against SEC’s Actions
Eighteen states, including Texas and Ohio, sued Gensler, accusing him of overstepping authority and unfairly targeting crypto projects.
*CBDCs: Official digital money issued by central banks.
