Ripple Executives Meet With Donald Trump Ahead of SEC Appeal Hearing

• Ripple CEO Brad Garlinghouse and Ripple Chief Legal Officer Stuart Alderoty met Donald Trump for dinner.
• The meeting sparks speculation in the industry as the SEC appeal is going to be filed by Jan 15, 2025.

Ripple’s XRP witnessed a dramatic price rise after Trump won US elections in Nov 2024. When Judge Analisa Torres ruled that XRP is not a security in July 2024, Ripple secured a partial win against the SEC. However, Trump’s election has influenced XRP’s price more than when it secured a win in the lawsuit. The major reason behind this is Trump’s favorable stance on cryptocurrencies.

The SEC has filed for an appeal and it is supported to file its appeal opening brief by January 15 this year. Ahead of the SEC appeal hearing, two major Ripple executives met for a dinner with Donald Trump yesterday. This has sparked speculation in the industry as this might influence the final ruling of the Ripple vs SEC lawsuit.

Ripple CEO Brad Garlinghouse Dines With Donald Trump

As per the latest post from Ripple CEO Brad Garlinghouse on X, He and Ripple Chief Legal Officer Stuart Alderoty have dined with Donald Trump. Referring to the same, Garlinghouse captioned the photo as “Strong start to 2025!” Reposting the same picture, Stuart made a fun comment saying, “the beef bourguignon was really good.”

The dinner at crucial times like these with Donald Trump might be a part of the Ripple executive’s move to completely turn the needle towards their final win against the SEC. With the anticipated win of Ripple against the SEC, the firm is making plans to expand their business by signing more US deals.

Brad Garlinghouse previously mentioned several times the effect of Trump on the crypto market. In one of his posts he stated,

“2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.”

Apart from that Brad also highlighted that 75% of Ripple’s open roles are US-based and they signed more US deals since the US elections. Nonetheless, the Trump-effect is very significant and is going to impact the crypto market further during his term. On top of that, Ripple’s XRP will be the most beneficial cryptocurrency compared to others as a result of Trump’s election.

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