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XRP News: Ripple CEO Brad Garlinghouse Credits Trump for Positive Impact on Ripple
Ripple CEO credits Trump’s pro-crypto policies for boosting XRP by 370%, accelerating U.S. hires, and advancing Ripple’s stablecoin RLUSD.
In a recent interview, Ripple CEO Brad Garlinghouse acknowledged the positive impact of former President Donald Trump’s pro-crypto stance on his company’s operations in the United States. This shift aligns with what Garlinghouse described as the “Trump bull market,” fueled by the administration’s support for decentralized technologies.
Garlinghouse credited Trump’s policies for a significant surge in XRP, which has increased by 370% since the election. He also highlighted the accelerated hiring process in the United States, stating that the favorable regulatory environment has enabled the company to expand its operations and capitalize on new opportunities.
Furthermore, Garlinghouse emphasized the importance of Ripple’s stablecoin RLUSD, asserting that Trump’s administration provided a crucial boost by recognizing the potential benefits of decentralized currencies. This endorsement has paved the way for further innovation and development within the space.
The data suggests that XRP has not only outperformed the broader market but also demonstrated remarkable resilience in recent weeks. According to CoinMarketCap data, Ripple (XRP) is trading at $2.39 as of the writing date, indicating a 0.04% decrease over the past day and an 11.68% increase over the week.
In conclusion, Garlinghouse’s comments underscore the significant impact Trump’s administration has had on Ripple’s growth trajectory.
Source: www.crypto-news-flash.com
