Ripple’s top executives recently had a private dinner with President-elect Donald Trump, raising speculation of a conclusion to their ongoing legal battle with the SEC. This lawsuit, which alleges unlawful sale of XRP tokens as securities, has significant implications for U.S. Crypto regulation. The timing of this meeting is considered crucial as it might signal changes under Trump’s potential administration.
CEO Brad Garlinghouse credited the Trump administration for boosting U.S. Crypto growth, highlighting Ripple’s recovery and the shift back to domestic hiring. He emphasized that 75% of Ripple’s new positions are in the U.S., attributed to Trump’s pro-crypto policies. Experts observe this development as an indicator of forthcoming regulatory changes and possible resolution of the Ripple lawsuit.