Stuart Alderoty, Chief Legal Officer (CLO) of Ripple, has publicly dismissed rumors suggesting a contentious relationship between Ripple and former U.S. President Donald Trump.
The rumors originated from an Axios report, which was shared by Degen News on X. The report alleged that Trump criticized an unknown company in a heated exchange with its representatives, accusing the company’s representatives of failing to support him during a crucial time, and abandoning him for Kamala Harris.
According to Degen News, unnamed sources linked this interaction to Ripple, sparking speculation about the relationship between the company and Trump. Degen News shared this report even though the Axios report did not name Ripple in its report, and neither the Trump transition team nor Ripple confirmed the claim.
Ripple Chief Lawyer just denied the fake $XRP FUD. Trump is clearly pro-Ripple and XRP. Please spread the word to help fight the FUD pic.twitter.com/0uwuKBwtjC
— XRPcryptowolf (@XRPcryptowolf) January 16, 2025
Ripple CLO Debunks False Claims
Alderoty described the claims as “pure fiction” and “completely made up” in a reply. Alderoty and Ripple CEO Brad Garlinghouse met with Donald Trump recently. Garlinghouse described the meeting as a strong start to 2025, reducing the credibility of these dissent claims between Trump and Ripple.
Alderoty, addressing these allegations, emphasized the lack of credible evidence and denounced the sources behind the rumors. “Wow, unnamed sources? Here’s a named source: me,” he stated.
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As someone present at the meeting with Trump, he is the right person to set the record straight. He went on to call the story a fabrication by a “third-tier crypto rag” and questioned the motives of those perpetuating the narrative.
The rumor gained traction due to the political implications of Ripple’s history. Ripple co-founder Chris Larsen has previously made significant contributions to the Harris campaign, raising questions about the company’s political affiliations. However, no evidence supports the claims that Ripple’s interactions with Trump were anything but cordial.
The Importance Of Fighting Misinformation
The rise of misinformation has plagued global media for some time now. Alderoty was quick to combat this false narrative, especially with the company’s ongoing legal battles with the U.S. Securities and Exchange Commission (SEC).
While the rumor was quickly debunked, it underscores the importance of verifying information. Alderoty’s response has reassured the XRP community, many of whom viewed the rumor as an attempt to sow doubt about Ripple’s leadership and direction.
With Donald Trump’s administration about to take control of the White House, many in the crypto world believe the SEC will drop its lawsuit against Ripple , and a good relationship with Ripple could help expedite this process.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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