Recent rumors that Ripple CEO Brad Garlinghouse met with President-elect Donald Trump have stirred criticism among industry representatives. This alleged visit has been linked to the recent increase in XRP's price.
Rumors of Meeting with Trump
Rumors about Brad Garlinghouse's meeting with President-elect Donald Trump started circulating on social media. This coincided with a recent rise in XRP's price, prompting many observers to question the reasons behind such developments.
Industry Reaction to the Meeting
Former Messari CEO and founder Ryan Selkis expressed the view that Garlinghouse is actively promoting XRP and central bank digital currency (CBDC) implementations. His remarks were supported by Pierre Rochard, vice president of research at Riot Platforms, who wrote that Ripple seeks to co-opt the U.S. policymaking process with an anti-bitcoin agenda.
Garlinghouse's Optimism
During a recent appearance on Fox Business, Brad Garlinghouse expressed confidence in the future of the crypto industry under the Trump administration, noting that both parties are genuinely inspired by innovation and entrepreneurship.
Rumors of Garlinghouse's meeting with President-elect Trump have significantly affected the crypto industry and the XRP market. Further developments and decisions could have a substantial impact on the sector's growth in the U.S.
