- Ripple CEO Brad Garlinghouse met with President-Elect Donald Trump
- The timing of the meeting has the community speculating over if it has anything to do with an upcoming SEC Lawsuit deadline
- SEC appeal deadline approaching on January 15th, potential regulatory shift
Ripple CEO Brad Garlinghouse recently met with U.S. President-Elect Donald Trump. Stuart Alderoty, Ripple Labs’ Chief Legal Officer was also present at the dinner meeting.
Donald Trump met with the Ripple crew at his resort Mar-a-Lago in Florida. While no official statement has yet been released, this get-together symbolizes a potential this get-together symbolizes a potential shift in the regulatory landscape for cryptocurrencies.
Recently, Brad Garlinghouse has openly shared his endorsement of the future Trump government, to the point of claiming that the next President would fuel a bull run in the market. Also, Ripple donated 5 million dollars to support Trump’s inauguration event happening on January 20th.
Trump Meeting Happening a Week From Major SEC Lawsuit Deadline
Rumors are brewing regarding what was talked about during the meeting, especially given the timing of the gathering happening only a week before a major deadline in the Ripple v SEC lawsuit.
The Securities and Exchange Commission has until January 15 to present an appeal before the Second Court of Appeals to request a revision of the July 2023 ruling by Judge Torres, declaring that XRP sales on the secondary market do not categorize security offers under the Howey Test.
By January 15th, Gary Gensler will have only 5 more days as the Securities and Exchange Commission Chair before Trump-appointed Paul Atkins takes the position. Many legal experts estipulate that a declinal to appeal by the SEC is not out of the question, and given the close ties between Ripple and the next head of the U.S. Government, the crypto firm is putting itself in a great position to finally put the 4-year-long SEC lawsuit behind.
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