Ripple Leaders Talk Beef and Cryptocurrencies with Donald Trump

The dinner represents a positive stance for Ripple after it won a case against the Securities and Exchange Commission (SEC) that accused it of selling unregistered securities through its native token XRP (XRP). The win against the SEC represents a significant improvement in Ripple’s reputation in the cryptocurrency industry. This ruling made clear that, technically, XRP is not a security, setting a precedent for how regulators view a number of digital assets.

Attorney John E. Deaton comments At the industry’s insistence during court proceedings, Ripple’s frankness with XRP is noted, even against another expected appeal attempt from the SEC. Deaton also objects to the SEC’s “controversial” discovery practices, calling them excessive. He also noted that while the legal gain is to defend the company’s position, the ruling also points to broader benefits for the cryptocurrency sector. For example, when talking about XRP, the token I exceeded Ethereum (Ethereum) as the second most favorite symbol in South Korea.

Ripple making ripples

With 75% of new hires based outside the US, CEO Garlinghouse said the company has recently shifted its efforts towards growth within the country. After focusing on international growth for years, this pivot refocuses on the US market. Furthermore, Garlinghouse said that during the last six weeks of 2024, the company signed more contracts with US-based companies than it did in the previous six months combined.

For now, the meeting at Mar-a-Lago represents an influential engagement between pro-crypto leaders and policy makers. US Senator Cynthia Lummis, known for her advocacy of cryptocurrencies, recently held talks with… Paul AtkinsHe was reportedly a leading candidate for SEC chair during the Trump administration, primarily to reform the SEC’s regulatory framework and create a friendlier environment for blockchain innovation.