Donald Trumps Ripple Mentions Shake Up Crypto: Details

Former President Donald Trump shared two articles on his Truth Social platform about Ripple, highlighting CEO Brad Garlinghouse's claims of a "Trump effect" on the company. Garlinghouse stated that Ripple experienced a surge in US deals in late 2024, exceeding the total from the previous six months, and attributed this to a changed regulatory environment under the Trump administration. He also mentioned that 75% of Ripple's open job positions are now US-based, a reversal from prior years when regulatory pressures led to a focus on overseas clients and hiring. While Trump's reason for sharing the articles is unclear, he has frequently used the term "Trump effect" to highlight perceived successes of his policies. A recent White House press release touting the "Trump effect" across various industries did not mention Ripple or the crypto sector. At the time of the articles, XRP's price was $2.60 and showed no immediate reaction to the news.