Donald Trump turns pro-XRP, shares Ripple Labs reports on Truth Social
The post Donald Trump turns pro-XRP, shares Ripple Labs reports on Truth Social appeared on BitcoinEthereumNews.com.
US President Donald Trump shared two articles about XRP on Truth Social on Tuesday. The articles discussed Ripple CEO Brad Garlinghouse’s claims that the company has seen increased hiring and business opportunities in the US since Trump’s election victory in November. The articles, originally published by Coindesk and The Block in early January, reported that 75% of Ripple’s current job openings are now US-based. CEO Brad Garlinghouse had also shared the info through a post on X, calling the new administration’s change of heart towards crypto the “Trump effect.” Trump’s posts on Truth Social garnered over 10,000 likes and 400 replies, with XRP enthusiasts saying the US President has “angered” Bitcoin maxis for publicly supporting Ripple’s cause. Supporters predict a good year for Ripple Before the November US elections, Ripple Labs and Donald Trump’s relationship was nothing more than shaky; the latter was a known donor of over $10 million to the presidential campaign of Trump’s competitor, former Vice President Kamala Harris. As reported by Cryptopolitan, some unverified sources say Ripple executives spent months asking to meet the president at his residence in Mar-a-Lago to mend the relationship. Moreover, per an Axios exclusive, a source familiar with the matter claims President Trump hauled some words at Brad and his team during their January 8 “closed meeting.” “When I needed you, where the f**k were you? You weren’t with me, and maybe you were with her,” referring to Harris, whom he defeated, “You guys made this amount of money last year, and you’re gonna make so much more now because of me.” Some crypto community members speculated that during that meeting, Trump and the executives verbally agreed to push Ripple, RLUSD, and XRP as the top choices for digital currency services in America. Despite the buzz surrounding Trump’s endorsement, XRP’s price…
Filed under: News - @ February 19, 2025 2:25 pm