Source: TronWeekly
- XRP News: Rumors over XRP’s future are stoked when Ripple CEO Brad Garlinghouse confirms meeting with Donald Trump.
- SEC v. Ripple: Ripple argues XRP is not a security and contests the SEC’s appeal.
- ·Since November 5, the price of XRP has increased by 94.25% to $0.9053.
During the Biden administration, Ripple, a major participant in the cryptocurrency space, has encountered numerous challenges. The company and the U.S. Securities and Exchange Commission (SEC) are currently at odds in court. The court’s decision that XRP is not a security is being appealed by the SEC.
Recently, there has been conjecture that Ripple CEO Brad Garlinghouse met with re-elected President Donald Trump. This interaction has sparked enthusiasm and raised questions in the cryptocurrency world.
Meeting Between President-Elect Trump and the CEO of Ripple
Ripple CEO Brad Garlinghouse and Donald Trump (Source: CryptoNewsZ
FOX Business anchorwoman Liz Claman brought up the issue during an interview with Garlinghouse, asking the Ripple CEO to clarify whether the alleged meeting with the U.S. President-Elect actually happened.
Garlinghouse replied in jest that he didn’t want to “comment on too many specifics.” Curiously, Liz clarified that she would take Garlinghouse’s answer as a “yes.”
No details are provided regarding the meeting’s date, time, location, attendees, or subjects covered. Rather, the article invites cryptocurrency fans to speculate what might have been discussed.
XRP Soars After Fulfilling Hearsay
SEC Chair Gary Gensler’s hints about a potential departure from the agency and allegations of a meeting between Garlinghouse and Trump caused XRP to soar beyond $0.9.
This spike comes after rumors that the SEC and Ripple’s long-running battle may soon come to a close. Since its launch on December 22, 2020, XRP’s performance has suffered because of the litigation.
In order to perhaps prolong the timescale for a resolution, the regulator sought to reverse the portions of the decision it lost to Ripple at the Second Circuit. The price of XRP plummeted below the $0.52 threshold because of this appeal.
Since the lawsuit began, XRP has missed major rallies. This includes the 2021 bull run. While some XRP enthusiasts believed the legal tussle would be settled after U.S. District Judge Analisa Torres issued the final judgment in August, the SEC appealed the ruling two months later.
As of this writing, XRP is up 20.13% in a day and 75.73% in a week, trading at $0.9680. In addition, the daily volume of XRP has increased by 4.3% to $11.4 billion.
