Ripple Discusses Cryptocurrency and Beef with Trump at Dinner

Garlinghouse called the meeting a "great start to 2025" in a tweet. Alderoti added a touch of humor by noting that beef bourguignon was on the menu. The meeting is especially significant for Ripple amid ongoing changes in the crypto industry and regulatory environment.

Ripple's recent victory over the SEC played a key role in strengthening the company's position. The court ruled that the XRP token is not a security, setting an important precedent for the regulation of digital assets. This decision not only boosted Ripple’s reputation, but also had a positive impact on the entire crypto industry.

Attorney John Deaton emphasized the importance of the lawsuit for the industry and noted Ripple’s open stance on XRP despite expectations of a possible appeal by the SEC. He also pointed out the SEC’s controversial investigative methods, calling them excessive. Ripple’s victory not only demonstrates their legal protection, but also creates opportunities for other crypto companies. For example, in South Korea, XRP has surpassed Ethereum (ETH) in popularity, taking the second place among tokens.

After many years of focusing on international development, Ripple is once again betting on the American market. Brad Garlinghouse reported that 75% of the company’s new employees are in the US. In addition, Ripple signed more contracts with American companies in the last six weeks of 2024 than in the previous six months.

The Mar-a-Lago dinner was a vivid example of the interaction between crypto leaders and politicians. U.S. Senator Cynthia Lummis, known for her support of cryptocurrencies, recently held talks with Paul Atkins, who is being touted as a likely candidate to become the SEC chairman under the Trump administration. The main goal is to reform the SEC's regulatory rules and create a more favorable environment for blockchain innovation.