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Home Blockchain

Donald Trump’s Ripple Mentions Shake Up Crypto: Details

by wireopedia memeber
February 20, 2025
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
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United States President Donald J. Trump shared two articles about Ripple on his Truth Social platform, igniting speculation over the potential implications for both Ripple and its native token, XRP. The posts—apparently referencing a so-called “Trump effect” on the company—came in quick succession, raising eyebrows among industry observers who have long tracked Ripple’s high-profile legal battles and global expansion.

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Why Has Trump Mentioned Ripple?

On Truth Social, President Trump posted two separate pieces about Ripple back-to-back: From CoinDesk (January 6): “Ripple’s Garlinghouse Touts ‘Trump Effect’ Amid Bump in US Deals,” and from The Block (January 5): “Ripple CEO Says 75% of Open Roles Are Now US-Based Due to ‘Trump Effect.’”

In both articles, Ripple CEO Brad Garlinghouse highlighted a notable shift in the company’s US fortunes following Trump’s reelection in November 2024, referring to this shift as the “Trump effect.” According to Garlinghouse, Ripple saw a surge in domestic business deals in late 2024—an amount he claimed surpassed what the company had secured in the previous six months. He attributed this upswing to a changing regulatory environment and renewed optimism due to the Trump administration.

Garlinghouse also disclosed that 75% of the company’s new job openings are currently US-based—an about-face compared to previous years, when the bulk of Ripple’s clients (and consequently its hiring focus) were overseas due to mounting regulatory pressure at home. Notably, Garlinghouse retweeted a post by @BankXRP on X, which drew attention to President Trump’s Truth Social posts.

Donald Trump posted two articles about ripple on TruthSocial back to back 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

👀 Link https://t.co/oLJ6alv3Qd pic.twitter.com/cxulCNRiQ8

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) February 19, 2025

Despite the sudden spotlight, it remains unclear why Trump chose to share both articles in quick succession. The president is known to celebrate the term “Trump effect” in various contexts, highlighting what he views as the success of his policies across industries.

Just two days prior to these Truth Social posts, on February 17, 2025, the White House released a press statement headlined “Trump Effect Shows No Slowdown.” It read in part: “In his first month back in office, President Donald J. Trump has taken extraordinary action to usher in a new Golden Age of America – through border security, deregulation, government accountability, and leveling the playing field for American workers, to name a few. The positive effects of President Trump’s policies continue to be felt across the country.”

However, neither the broader crypto industry nor Ripple was mentioned there. Instead, the release listed several headlines purportedly reflecting these policies, including potential automaker relocations from Mexico, expansions in steel manufacturing in Ohio, and significant changes in immigration flows along the US border. In one of the more striking entries, it noted: “DOGE Discovers $1.9 Billion HUD Money ‘Misplaced’ By Biden Administration”

At press time, the XRP price wasn’t reacting to the news at all. and stood at $2.60.

XRP price

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