TL;DR
- Donald Trump shared articles about Ripple and XRP on Truth Social, highlighting the company’s growth in the U.S.
- The SEC is reviewing new applications for an XRP ETF, with a decision expected by October 2025.
- XRP is trading at $2.65 following the news, with a 4.8% increase in the last 24 hours.
Donald Trump caused a major stir in the crypto market after sharing two articles about Ripple and XRP on Truth Social. The posts highlighted the company’s growth in the United States following his victory in November 2024. According to the reports cited, Ripple has increased its hiring in the country, and now 75% of its job openings are based in the U.S.
How Is the Relationship Between Ripple and Trump?
The president’s gesture was interpreted by the community as support for the company. However, the relationship between both parties has not always been close. During the election campaign, Ripple allocated more than $10 million to Kamala Harris’s candidacy. Unconfirmed reports indicate that company executives attempted to meet with Trump at Mar-a-Lago to improve their relationship. In a private meeting, the president allegedly questioned their lack of support during the campaign, stating that the company would now benefit from his administration.
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is still ongoing. The agency sued the company in 2020, arguing that XRP was sold as an unregistered security. In 2023, a court ruled that retail sales of the cryptocurrency did not violate the law but determined that institutional sales did. The SEC, under Gary Gensler’s leadership, partially appealed the decision. Now, with Mark Uyeda temporarily heading the regulator, some analysts believe the case could be resolved through a financial settlement.
XRP ETF on the Horizon
At the same time, the SEC has begun reviewing new applications to launch an exchange-traded fund (ETF) for XRP. The Cboe BZX exchange submitted a proposal in partnership with 21Shares, while the New York Stock Exchange did the same with Grayscale and Bitwise. The agency has until October 2025 to issue a decision. In prediction markets, the probability of approval has risen to 78%, up from 64%.
Driven by interest in Trump’s stance and ETF expectations, XRP’s price remains stable at $2.65, showing a 4.8% increase in the last 24 hours
