Did President Donald Trump Post About Ripple On His Truth Social?
President Donald Trump recently sparked interest in the cryptocurrency world by sharing the truth about Ripple Labs and its cryptocurrency XRP. His post mentioned the “Trump Effect” which seemed to guide Ripple’s focus on the U.S. market, which could drive the value of XRP. This has caused excitement among market participants, especially in the XRP community.
The title of this article is “Ripple’s Garlinghouse touts ‘Trump Effect’ in the bumpy US deal” Discuss how Ripple, the company behind cryptocurrency XRP, has driven business opportunities in the United States since the 2024 election. It also includes insights from Ripple CEO Brad Garlinghouse, who talked about the impact of SEC Chairman Gary Gensler on Ripple and the real impact of the “Ace Bull Market”.
Many in the crypto community quickly responded to Trump’s position, especially given Ripple’s important presence in the U.S. market. According to Garlinghouse, in the last few months of 2024, Ripple signed more U.S. deals than in the first half of the year, marking more business to the U.S. Growth shift. This fact also highlights this surge in U.S. operations, where 75% of Ripple’s open roles are now based in the U.S., in stark contrast to the past few years when most hiring was outside the country.
Ripple has close ties with Trump’s team, donating fair PACs to the PAC during the election, and Ripple executives have even met with Trump in the past. While it is unclear how much Trump has impacted Ripple’s actions, Trump’s article may indicate that support for Ripple is growing as the company continues to flourish in the U.S. market.
