Rumors are circulating within the crypto community about a meeting between the CEO of Ripple and the incoming US president Donald J. Trump.
While this might seem like positive news at first glance, not everyone in the crypto world shares this view.
Crypto community skeptical about Ripple meeting Trump
Ripple CEO Brad Garlinghouse reportedly had a conversation with Trump, according to reports on social media. The currency behind Ripple, XRP (XRP), recently rose sharply, which seems to fuel speculation about a possible meeting between Garlinghouse and Trump.
Messari founder Ryan Selkis, among others, left hinted that he does not view the meeting as something positive. According to him, Garlinghouse is only interested in protecting XRP and Ripple’s CBDC plans.
Then responded the vice president of research at Riot Platforms, a major bitcoin miner. Pierre Rochard writes that Ripple should not become involved in US policy because of its anti-bitcoin (BTC) agenda. He hopes that more pro-bitcoin members will be added to Trump’s team.
Ripple director sees a bright future for the crypto industry
Garlinghouse himself gives no details about a meeting between the two. He does appoint during a interview with the news medium Fox Business that he has every confidence in the future of the crypto industry with Trump at the helm. For example, the incoming president would see the possibilities of the emerging technology and the benefits for entrepreneurs.
In the same interview, the Rippl director also spoke about the current chairman of the American regulator, the Securities and Exchange Commission (SEC). This position is currently held by Gary Gensler. The man has strongly opposed the crypto world in recent years by filing many lawsuits against crypto companies and crypto exchanges. The crypto world responded positively to Trump’s statement that he would fire Gensler on his first day as president.
Negative voices are being heard not only from crypto fanatics, but also from various American states. After it became known that Trump had won the presidential election, no fewer than 18 different states decided to take Gensler to court. According to them, as a government body, he would have gone far too far in the fight against the crypto industry.
The XRP price has had a very good week. The coin has risen by as much as 85% in the past week, reaching its highest price in years yesterday at $1.27.
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Ah, the crypto world, where speculation flows faster than a toddler after a sugar rush! Rumors are buzzing hotter than a Bitcoin miner’s computer during peak hours, suggesting that Ripple’s very own CEO, Brad Garlinghouse, might have had a chinwag with none other than President-elect Donald J. Trump. Sounds juicy, right? Like a Kardashian at a gala!
But hold your horses! The crypto community isn’t rolling out the red carpet just yet. Many users are blinking at this revelation like someone who’s just discovered that their favorite brunch spot has replaced avocado toast with… *gag*… plain toast. Messari founder Ryan Selkis has thrown some serious shade, indicating that Garlinghouse is apparently just looking out for himself and Ripple’s plans for a CBDC (Central Bank Digital Currency, for those still stuck in 1999). I mean, who knew meeting Trump could be such a double-edged sword?
In a response that’s basically the crypto-world equivalent of slapping someone with an old-school flip phone, crypto researcher Pierre Rochard chimed in. He insisted that Ripple should avoid entanglements with US politics, especially since they have a penchant for not being karaoke-friendly with Bitcoin. Imagine having a party where everyone is having a wild time, but there’s that one person over in the corner, sipping their Capri Sun and scrolling through old Trump tweets. We don’t need that!
Ripple Director—Ever the Optimist!
Now, in a twist that is either refreshing optimism or straight-up delusion, Garlinghouse spoke to Fox Business, claiming that Trump might “see the possibilities” of crypto technology. I can see it now: Trump with a Bitcoin baseball cap, shouting “This is YUGE!” while surrounded by crumpled dollar bills. The bright-eyed Garlinghouse also implied that Trump’s first order of business could be to oust Gary Gensler, the current chair of the SEC, whose relationship with the crypto community is akin to a cat and a vacuum cleaner: filled with suspicion and general dread.
Just when you thought it was all positive vibes, the legal eagle squad from 18 American states has decided to court Gensler, arguing he may have gone a tad too far—like someone trying to jog in flip-flops. They’re bringing the legal smackdown as if their very crypto lives depended on it. And honestly, who can blame them? With XRP skyrocketing 85% faster than a toddler in a candy store, they’re surely hoping to ride that gravy train for all it’s worth!
Crypto and Freebies… Because Why Not?
But let’s not forget the fun part of this ride: free Bitcoin for Dutch peeps! That’s right, folks. This week, OKX is celebrating Bitcoin’s rise with a little giveaway, like Santa swapping out the sleigh for a crypto-spewing Bitcoin machine! If that’s not enticing enough, they’re inviting all Dutch fans to grab free Bitcoin like it’s a Black Friday sale on discounted coffee makers. Sounds like a dream come true in this otherwise tumultuous digital landscape!
So there we have it—a kaleidoscope of opinions swirling around the idea of Ripple meeting Trump. Will it be a match made in crypto heaven, or are we just setting ourselves up for a spectacular fall? Either way, buckle up and hold on to your virtual wallets—this is one wild ride we can’t afford to miss!
And don’t forget to check out that podcast about the altcoin storm brewing; it might just enlighten you to the next big thing while you sip on your latte or encourage you to invest in rainbow-colored socks as a hedge against inflation. Either way, keep your eyes peeled—this crypto circus is just getting started!
Speculation is swirling within the crypto community regarding a reported meeting between Ripple’s CEO Brad Garlinghouse and the soon-to-be US President Donald J. Trump, triggering interest from various sectors of the financial world.
Crypto community skeptical about Ripple meeting Trump
According to multiple accounts surfacing on social media, Ripple CEO Brad Garlinghouse recently engaged in discussions with Trump. The resulting surge in the price of XRP (XRP), the cryptocurrency associated with Ripple, has since ignited theories about the potential implications of this engagement.
Messari founder Ryan Selkis has voiced notable skepticism regarding the meeting. He suggested that Garlinghouse’s primary objective may be to secure favorable conditions for XRP and safeguard Ripple’s central bank digital currency (CBDC) initiatives, rather than offering a genuine benefit to the broader crypto landscape.
Pierre Rochard, the vice president of research at Riot Platforms, also chimed in, expressing his concern that Ripple’s involvement in US policy could have detrimental effects, especially considering the company’s historically anti-bitcoin stance. He expressed hopes that Trump’s administration could integrate more pro-bitcoin voices into its decision-making processes.
Ripple director sees a bright future for the crypto industry
While Garlinghouse has not confirmed the specifics of any meeting with Trump, he remains optimistic about the future of the crypto industry under Trump’s leadership. In a recent interview with Fox Business, he emphasized that he believes Trump recognizes the immense opportunities that emerging technologies like blockchain present for innovation and entrepreneurship.
Moreover, Garlinghouse leveraged the interview to address critical issues surrounding the current leadership of the Securities and Exchange Commission (SEC), led by Gary Gensler. The cryptocurrency sector has faced significant regulatory challenges under Gensler, who has aggressively pursued legal action against various crypto firms and exchanges. The crypto community has positively received Trump’s indications that he would seek to replace Gensler promptly upon taking office, potentially leading to a more favorable regulatory environment.
Negative sentiments are not solely coming from cryptocurrency enthusiasts; several states across the nation have taken steps to oppose Gensler’s stringent policies. Following Trump’s electoral victory, no less than 18 state governments initiated legal proceedings against Gensler, alleging he has overstepped his authority in his crackdown on the crypto industry.
The XRP price has had a remarkable week, surging as much as 85%, with its value peaking at $1.27—the highest mark it has reached in recent years—spurring increased interest and investment from within the crypto market.
Tip: All Dutch people temporarily receive €40 in free bitcoin
OKX celebrates the historic rise of the bitcoin price and gives away €100,000 to Dutch people. Grab your free crypto, receive between €40 and €270 in bitcoin. OKX is the second-largest crypto exchange globally, offering access to over 1 million cryptos through their Web3 portal. Here you can trade coins like SHIBA, DOGE, and PEPE before they appear on major exchanges and rise thousands of percent.
Register for free this week and receive your free bitcoin bonus.
🚀 Grab €40 bitcoin
This offer has limited availability
🎙️ Bitcoin is rising: when will XRP, Ethereum, and Solana actually do something? The perfect altcoin storm could be on its way. Listen to the podcast now
– What are the implications of initiatives like OKX’s Bitcoin giveaway on the crypto community’s engagement with Ripple?
St point in recent months. This significant rise has likely contributed to increased attention and speculation regarding Ripple and its future prospects, particularly in light of potential political developments.
As the narrative unfolds, the relationship between Ripple and the crypto community at large remains complex. On one hand, Garlinghouse’s optimism about Trump’s potential embrace of blockchain technologies paints a hopeful picture. On the other hand, skepticism from influential figures like Ryan Selkis and Pierre Rochard signals that many in the community are wary of any connections that may divert focus from a more decentralized and pro-Bitcoin approach.
In the meantime, initiatives like OKX’s giveaway of free Bitcoin are creating a buzz and potentially drawing more individuals into the crypto space. With offers reminiscent of holiday promotions, such initiatives can create a sense of excitement amidst the volatility and uncertainty common in cryptocurrency markets.
Ultimately, the interactions between Ripple, prospective political leadership, and the broader crypto landscape will be worth monitoring as these developments unfold. Whether this meeting serves as a catalyst for positive change in cryptocurrency regulation or complicates the landscape remains to be seen. One thing’s for sure: the crypto circus is just getting started, and all eyes will be on the ever-evolving dynamics within this vibrant market.
