Ripple’s CEO Brad Garlinghouse, Chief Legal Officer Stuart Alderoty, and former President Donald Trump recently met for a dinner at the Mar-a-Lago Resort on January 7, 2025, setting a promising tone for the company in the new year. The dinner, which was shared on social media by Garlinghouse and Alderoty, marked a significant moment for Ripple as it navigates the evolving landscape of the cryptocurrency sector.
…and to top it off, the beef bourguignon was really good https://t.co/YKoyMuKFVo
— Stuart Alderoty (@s_alderoty) January 8, 2025
The meeting follows Ripple’s major legal victory in 2024, where the company won a crucial case against the U.S. Securities and Exchange Commission (SEC), which had accused Ripple of selling unregistered securities through its native token, XRP. The court ruling, which declared that XRP is not a security, has greatly enhanced Ripple’s standing in the crypto industry and has potential long-term implications for the regulation of digital assets. Legal experts like John E. Deaton have highlighted the significance of this win, noting that it could lead to more clarity for other cryptocurrencies and spark wider industry benefits.
“We signed more US deals in the last six weeks of 2024 (since the election) than the previous six MONTHS.”@Ripple CEO @bgarlinghouse
— John E Deaton (@JohnEDeaton1) January 5, 2025
As I’ve said, it’s impossible to estimate the damage the lack of regulatory clarity caused American businesses like @Ripple. I can’t tell you… https://t.co/5Bmsz0bHtE
Ripple’s recent shift in focus towards the U.S. market is also notable. After years of emphasizing international expansion, Garlinghouse revealed that 75% of the company’s new hires are now based in the U.S., signaling a strategic pivot to bolster Ripple’s influence domestically. Over the last six weeks of 2024, Ripple signed more contracts with U.S.-based companies than in the previous six months combined, further illustrating its renewed focus on growth within the American market.
The dinner at Mar-a-Lago underscores Ripple’s efforts to align with pro-crypto advocates and policymakers, particularly as U.S. regulators continue to reshape the crypto regulatory framework. The meeting also reflects the broader industry’s push for a more favorable environment for blockchain innovation. U.S. Senator Cynthia Lummis, a vocal supporter of crypto, recently discussed regulatory reform with Paul Atkins, a key figure for SEC reform, further adding to the momentum.
I enjoyed meeting with Paul Atkins, the @SECGov Chair nominee. We discussed digital asset legislation & reforming the rulemaking process. Thanks for stopping by, and I look forward to putting the SEC on the “Atkins diet!” pic.twitter.com/WBUAxnOMNl
— Senator Cynthia Lummis (@SenLummis) January 7, 2025
Ripple’s favorable positioning in this dynamic regulatory landscape sets the stage for a strong 2025, potentially driving greater growth and market adoption for XRP and the company as a whole.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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