Recent events in the global economy include the end of Ripple's legal battle with SEC and Donald Trump's statements about trade negotiations with the European Union.
Completion of the Ripple Case
Ripple CEO Brad Garlinghouse recently announced the conclusion of the protracted legal battle concerning XRP cryptocurrency. The recent hefty $200 million fine had led Ripple into negotiations, but the new SEC leadership eventually conceded to Ripple’s demands. However, a court intervened, questioning the flexibility of laws and regulations.
Ultimately, the only viable course was to withdraw the appeals, thus concluding the Ripple case. Garlinghouse announced this resolution enthusiastically.
Trump's Trade Struggle with the EU
The United States recently delivered its final trade offer to the EU. While the EU considers countermeasures to gain leverage, Trump has employed his signature 'don’t push me' attitude. By halting discussions with Canada over high tariffs, Trump sent a message of awareness regarding a joint EU-Canada retaliation plan.
Post-presidency, Trump may have the opportunity to write a book on 'power and negotiation', assuming he doesn’t forget his previous declarations about running for a third term.
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As events unfold in the global economy, Donald Trump's comments on trade and Ripple's resolution of its legal battle unveil new avenues for both parties.
