Rumors say Ripple Labs CEO Brad Garlinghouse recently met with President-elect Trump

According to Cointelegraph, rumors have begun circulating on social media about a recent meeting between Ripple Labs CEO Brad Garlinghouse and President-elect Trump. The company and Garlinghouse are facing criticism from industry executives.

In response to these rumors, former Messari CEO and founder Ryan Selkis commented: "Brad Garlinghouse is vigorously promoting the deployment of XRP and CBDC." Riot Platforms Vice President of Research Pierre Rochard retweeted Selkis's comment.

Rochard agreed with Selkis's view, writing "We cannot let Ripple influence US policy-making with their anti-Bitcoin agenda," hoping that Trump would appoint more Bitcoin supporters to his government. It is rumored that Garlinghouse's meeting with Trump was one of the catalysts for the recent rise in XRP.

During a recent appearance on Fox Business, Garlinghouse neither confirmed nor denied rumors of a meeting with Trump. However, he expressed confidence in the future of the crypto industry under the leadership of the Trump administration. He also said he was not surprised by positive reactions in cryptocurrency markets after Trump’s victory on November 5th. Garlinghouse pointed out that hostility towards this industry from Gary Gensler, Chairman of U.S SEC has been a major driving force suppressing American crypto projects.