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Ripple CEO Confirms Meeting with Donald Trump Amid SEC Battle

Andras Crow-Hreidar by Andras Crow-Hreidar
November 16, 2024
in Crypto, News
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Ripple, a significant player in the cryptocurrency realm, has faced substantial challenges under the Biden administration. The company is currently embroiled in a heated legal dispute with the US Securities and Exchange Commission (SEC), contesting the regulator’s decision to appeal a court ruling that sided with Ripple’s stance that XRP is not a security.

Ripple CEO’s Meeting with US President-elect

Speculation about a high-profile meeting between Donald Trump and Ripple’s CEO, Brad Garlinghouse, recently gained traction. A post on X by Good Morning Crypto broke the news, revealing that Garlinghouse confirmed his meeting with Donald Trump in a conversation with a major media outlet. This disclosure has stirred up discussions among cryptocurrency enthusiasts, with reactions ranging from skepticism to excitement.

While the post confirmed the meeting, it offered no details about its timing, location, participants, or topics covered. It instead encouraged crypto enthusiasts to speculate on the meeting’s agenda. Some believe that Ripple addressed the SEC challenges it has faced during the Biden administration, given its ongoing legal battle with the US regulator.

XRP’s Role in Economic Discussions

Many enthusiasts speculate that Garlinghouse discussed XRP’s potential to aid in alleviating the national debt. This possibility has led to discussions about how XRP could bolster the country’s economy. Some enthusiasts even propose the creation of an XRP national reserve, akin to Trump’s Bitcoin reserve plans, to integrate XRP into the new financial system.

However, skepticism remains among some community members. They question the validity of the reported meeting, suggesting that it has not been officially confirmed by Garlinghouse himself.

XRP’s Future Potential

Amidst the ongoing debates, the future potential of XRP continues to be a hot topic. Many experts are optimistic about XRP’s growth prospects. For instance, Julio, a seasoned crypto analyst, predicts that XRP could reach $10 in the future.

In recent weeks, XRP has experienced notable price surges. Over the last seven days, the market has seen a 76.8% increase, and within the last 24 hours, it has surged by 20.5%, significantly outpacing other major cryptocurrencies like BTC, ETH, SOL, and BNB.

Despite the unconfirmed nature of the alleged meeting, the speculation has reignited discussions about XRP’s role in the US economy and its regulatory landscape.

Frequently Asked Questions

How High Will XRP Go?

XRP is expected to range between $0.512 and $0.792 in 2024, with an average price around $1.07.

Can XRP Reach $1000?

XRP is currently priced at $0.953, and reaching $1,000 would require an enormous increase. However, developments in the XRP ecosystem could drive significant price growth in the future.

Why Is XRP Pumping?

XRP is pumping due to favorable regulatory changes in the U.S., investor optimism, and growing interest in XRP futures, which have contributed to its recent 17% surge.

Tags: Ripple Vs SEC
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Andras Crow-Hreidar

Andras Crow-Hreidar

Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.

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