U.S. President Donald Trump posts links to two articles relating to Ripple on Truth Social, stirring speculation among XRP enthusiasts.
In a startling development, the 47th President of the United States took to Truth Social to share two separate posts about Ripple Labs.
Details of Trump’s Ripple Posts
The post relates to comments made by Ripple CEO Brad Garlinghouse last month ahead of Trump’s inauguration. As previously reported, Garlinghouse highlighted the changing tides in the crypto landscape following Trump’s reelection in November 2024.
He emphasized that Trump’s victory was personal to Ripple, given that the previous SEC administration, led by Gary Gensler, froze its business opportunities in the U.S. for several years.
However, Garlinghouse disclosed that everything changed ahead of Trump’s inauguration. Specifically, Ripple secured more U.S.-based business deals within the last six weeks of 2024 compared to the previous six months before the election.
Consequently, Garlinghouse disclosed Ripple’s domestic hiring efforts, with 75% of the company’s open roles now U.S.-based. Before the election, Ripple’s hiring efforts were focused abroad since the company’s major clients were not residing in the U.S.
However, “the Trump effect” changed the company’s operations and opportunities, with more U.S. deals secured and 75% of its open positions also focused on U.S. residents.
XRP Community Reacts
Expectedly, Trump’s post about Ripple triggered positive reactions among crypto enthusiasts, particularly XRP proponents.
Some users suggested the development could signal potential political or regulatory support for Ripple and XRP. Others speculated that the Trump administration could end the regulatory uncertainty surrounding XRP, particularly the SEC v. Ripple lawsuit.
Ripple’s opportunities in the U.S. were frozen through the SEC’s lawsuit against the company. The case alleges that Ripple offered and sold XRP as a security to U.S. investors.
Notably, Ripple won a major part of the case. U.S. District Judge Analisa Torres held that Ripple’s retail sales of XRP did not violate securities law. However, she declared that those made to institutional investors were securities.
Meanwhile, the Gensler-led SEC wanted a total victory, filing an appeal of the rulings. Speculation suggests that the SEC could withdraw the appeal from the Second Circuit and reach a settlement with Ripple.
This hypothesis gained momentum after the regulator and Binance agreed to freeze their lawsuit’s proceedings. Pundits expect a similar action in other non-fraud cases involving crypto businesses, like Ripple, with Trump’s post boosting this speculation.
Meanwhile, Trump’s posts could only be news highlights and may not reflect policy intentions that could lead to a resolution of the Ripple lawsuit.
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