Ripple Labs and CEO Brad Garlinghouse are facing criticism following rumors of a recent meeting between Garlinghouse and President-elect Trump. The speculation has sparked reactions from industry leaders, including former Messari CEO Ryan Selkis, who accused Garlinghouse of promoting XRP and central bank digital currency (CBDC) implementations. The meeting rumor is believed to have contributed to a 17% surge in the price of XRP. Garlinghouse, while not confirming the meeting, expressed optimism about the future of the crypto industry under the Trump administration, highlighting Trump's interest in innovation and entrepreneurship. He also referenced SEC Chairman Gary Gensler as a barrier to U.S.-based crypto projects. This context follows Trump's reelection and subsequent legal actions from 18 U.S. states against Gensler for alleged overreach regarding cryptocurrency regulation.

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