According to a report by Unchained, US President Donald Trump criticized Ripple for financially supporting Vice President Kamala Harris during the election period.
Circumstances of the Statement
The report, citing an article published by Axios, detailed Trump's comments during a meeting with representatives of an unnamed company. Trump allegedly said, "You made this much money last year and you're going to make a lot more now because of me… But where were you when I needed you? You weren't with me and maybe you were with Kamala Harris."
Ripple's Role in the Incident
Two sources told Unchained that the company Trump was referring to was Ripple. While the Axios report did not mention Ripple by name or specify when the alleged conversation took place, it noted that Ripple co-founder Chris Larsen had previously donated millions of dollars to political action committees supporting Harris.
Ripple's Reaction and Consequences
Ripple Labs has not released a statement in response to the allegations, and a spokesperson for the company declined to comment on whether Ripple is indeed the firm not mentioned in the Axios report. Similarly, Trump’s transition team did not respond to questions on the matter. This development highlights Trump’s continued scrutiny of companies and individuals he believes do not support him politically.
It remains to be seen how this incident will affect Ripple's position in the crypto space or the ongoing regulatory battles.
