TechFlow news — On January 6, according to CoinDesk, Ripple CEO Brad Garlinghouse said that Trump's leading position in U.S. presidential election polls has boosted the company's business development in the United States. He noted that, anticipating a potentially more crypto-friendly policy stance from a Trump administration, several American companies are reconsidering partnerships with Ripple. Additionally, he revealed that Ripple is currently in discussions with multiple U.S. financial institutions, including several major banks.
It was reported that Ripple has donated XRP worth $5 million to support Trump’s upcoming presidential inauguration. Since Trump’s election victory, the price of XRP has surged over 300%, with increased trading volume in the South Korean market also contributing to XRP’s price volatility and overall upward trend.
