Ripple’s CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty attended a private dinner with US President-elect Donald Trump at the Mar-a-Lago Resort in Florida.
Garlinghouse has described their meeting as “a very productive and interesting discussion”. “strong start to 2025”In a post from X on Jan. 8,
This high-profile engagement highlights Ripple’s efforts to strengthen its presence in the US, a market that has seen renewed optimism following Trump’s election victory.
Garlinghouse stated that Ripple had a boom in US activity in the last weeks of 2024. More deals were signed than the six-month period prior. Furthermore, 75% of the company’s open roles are now based in the US, signaling a strategic pivot after years of global focus.
Trump’s crypto meetings
President-elect Trump’s engagements with the crypto sector reveal a significant shift in his outlook.
Trump is no longer sceptical about Bitcoin. He now advocates initiatives such as the creation of a Bitcoin national reserve. Recent meetings at Mar-a-Lago with figures like Crypto.com CEO Kris Marszalek and a call with Coinbase CEO Brian Armstrong suggest an intent to integrate crypto into his administration’s economic agenda.
Trump’s cabinet appointments further highlight his pro-crypto stance. Elon Musk and Howard Lutnick would make up his administration, along with David Sacks and other crypto-advocates who will push for policies that focus on crypto and AI.
This development could signal the beginning of a transformational era in US regulation and crypto adoption.
Ripple developments
In a Bloomberg interview, Ripple’s President Monica Long revealed plans to expand the RLUSD stablecoin to additional exchanges soon.
Long did not provide a timeline but said that it is anticipated. “imminently,” reflecting Ripple’s confidence in the stablecoin’s market potential.
She emphasized the fact that stablecoins have seen a significant growth over recent months and that RLUSD is well positioned to take advantage of this trend. Ripple’s payment business, which recently doubled its transaction volume, is expected to drive RLUSD adoption further.
Long expressed her optimism in regards to the approval of a XRP spot-based exchange-traded funds (ETF). She forecast an increase in the number of applications, and that regulatory approvals would likely accelerate within this year.
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