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Cryptocurrency News Articles

Donald Trump Touts 'Trump Effect' on Ripple as XRP CEO Brad Garlinghouse Highlights Shift in US Fortunes

Feb 20, 2025 at 01:30 pm

United States President Donald J. Trump shared two articles about Ripple on his Truth Social platform, igniting speculation over the potential implications for both Ripple and its native token, XRP.

Donald Trump Touts 'Trump Effect' on Ripple as XRP CEO Brad Garlinghouse Highlights Shift in US Fortunes

United States President Donald J. Trump shared two articles about Ripple on his Truth Social platform on Monday, sparking speculation over the potential implications for both Ripple and its native token, XRP.

The posts—apparently referencing a so-called “Trump effect” on the company—came in quick succession, raising eyebrows among industry observers who have long tracked Ripple’s high-profile legal battles and global expansion.

Here's a closer look at what happened.

Trump Shared 2 Articles About Ripple on Truth Social

On Truth Social, President Trump posted two separate pieces about Ripple back-to-back:

From CoinDesk (January 6): “Ripple’s Garlinghouse Touts ‘Trump Effect’ Amid Bump in US Deals.”

And from The Block (January 5): “Ripple CEO Says 75% of Open Roles Are Now US-Based Due to ‘Trump Effect.’”

Both articles centered around statements made by Ripple CEO Brad Garlinghouse, highlighting a shift in the company’s fortunes following Trump's re-election in November 2024.

Throughout 2024, Ripple saw a surge in domestic business deals, an amount that, according to Garlinghouse, outpaced what the company had secured in the previous six months. He attributed this upswing to a changing regulatory environment and renewed optimism brought on by the Trump administration.

Garlinghouse also disclosed that 75% of the company’s new job openings were currently US-based—a major about-face compared to previous years.

Previously, the bulk of Ripple's clients (and consequently its hiring focus) were overseas due to mounting regulatory pressure at home. But now, with Trump back in the White House, the company was shifting gears.

Interestingly, Garlinghouse retweeted a post by @BankXRP on X, which drew attention to President Trump’s Truth Social posts.

Ripple, XRP, Trump, Truth Social

Despite the sudden spotlight, it remains unclear why Trump chose to share both articles in quick succession. The president is known to celebrate the term “Trump effect” in various contexts, highlighting what he views as the success of his policies across industries.

Just two days prior to these Truth Social posts, on February 17, 2025, the White House released a press statement headlined “Trump Effect Shows No Slowdown.” It read in part:

“In his first month back in office, President Donald J. Trump has taken extraordinary action to usher in a new Golden Age of America – through border security, deregulation, government accountability, and leveling the playing field for American workers, to name a few. The positive effects of President Trump’s policies continue to be felt across the country.”

However, neither the broader crypto industry nor Ripple was mentioned there. Instead, the release listed several headlines purportedly reflecting these policies, including potential automaker relocations from Mexico, expansions in steel manufacturing in Ohio, and significant changes in immigration flows along the US border. In one of the more striking entries, it noted: “DOGE Discovers $1.9 Billion HUD Money ‘Misplaced’ By Biden Administration.”

At press time, the XRP price wasn't reacting to the news at all and stood at $2.60.

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Other articles published on Feb 21, 2025