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Cryptocurrency News Articles
Ripple CEO Brad Garlinghouse Praises Donald Trump's Pro-Crypto Stance, Claims XRP Surged 370% During His Presidency
Jan 06, 2025 at 02:01 pm
During a recent interview, Garlinghouse highlighted how the former president's clear support for the cryptocurrency sector helped Ripple thrive in what was
Ripple CEO Brad Garlinghouse has credited former President Donald Trump’s pro-cryptocurrency stance with helping the company achieve significant growth and drive up the value of its native token, XRP.
In a recent interview, Garlinghouse said that Trump’s clear support for the cryptocurrency sector helped Ripple thrive in what was, at the time, an uncertain landscape for blockchain companies.
“The former president's pro-crypto policies had a major positive impact on Ripple and XRP,” Garlinghouse stated.
According to the CEO, Trump’s initiatives created a more conducive atmosphere for companies like Ripple, which led to not only the growth of XRP but also the acceleration of Ripple’s hiring efforts within the United States.
“We've seen a sharp uptick in U.S. hires as a direct result of the pro-business crypto environment under President Trump,” Garlinghouse said.
This includes expanding Ripple’s global workforce and building out the company’s U.S. presence to help meet the growing demand for blockchain technology and digital currencies.
The CEO also spoke about Ripple's stablecoin initiative, RLUSD, which has gained momentum in part because of these favorable policies.
“We're continuing to build out RLUSD, a stablecoin pegged to the U.S. dollar, among other initiatives to drive innovation in the crypto space,” Garlinghouse added.
He went on to highlight how, despite the ongoing legal battles around XRP's classification by the U.S. Securities and Exchange Commission (SEC), Ripple's focus on transparency, compliance and innovation has helped mitigate some of the regulatory risks that other crypto projects face.
“While the legal battles continue, the U.S. has shifted its policy to be more clear and supportive of crypto, making the environment more predictable for companies like Ripple,” Garlinghouse said.
As Ripple continues to expand and innovate, Garlinghouse's words echo the broader sentiment within the cryptocurrency community: the U.S. must continue to embrace blockchain technology with clear regulations that foster growth.
This optimism comes amid continued legal battles with the SEC, but with Ripple's position strengthening, the future of XRP looks increasingly bright, thanks in part to the groundwork laid during Trump’s presidency.
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