Stuart Alderoty, Ripple’s Chief Legal Officer, vehemently denied recent allegations concerning the company and its executives. These claims suggested that former President Donald Trump criticized Ripple 
$3 for allegedly providing financial support to Kamala Harris. Alderoty took to Twitter to declare these accusations as baseless and entirely fabricated.
Ripple CLO Rejects Political Claims
Rumors began circulating following a report by Unchained. The report indicated that during a meeting with Trump, Ripple faced criticism, and there was a request for XRP to be included in national reserves. Following this news, XRP’s price surged to a seven-year high of $3.40.
In a swift response on social media, Alderoty questioned the source of the information. He stated, “These rumors published by a third-rate crypto publication are pure fiction. They are completely made up.”
John Deaton Critiques Speculative Reporting
Prominent lawyer John Deaton also criticized speculative journalism similar to Alderoty. He emphasized the importance of evidence-based claims, questioning the reliability of anonymous sources.
“Did someone not present at the meeting tell another who was there what was said?” This is why there are rules of evidence in court.
Deaton highlighted the peril of “tribalism” in the crypto industry and noted the surprising performance of XRP compared to BTC.
XRP Price Hits Seven-Year Record Amid Controversy
As XRP usage surged, more than 2,365 transactions over $100K were recorded. This increase contributed to XRP reaching its highest price in seven years, fueled by expectations of its inclusion in the U.S. strategic digital asset reserve.
Reports suggest that Ripple CEO Brad Garlinghouse contacted Trump to request XRP’s inclusion. However, Ripple representative Susan Hendrick denied these claims, rejecting rumors of Trump supporting XRP.
These discussions emerged during Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC previously appealed a decision regarding whether XRP sales constituted securities transactions.
Ripple asserts that the allegations are unfounded and is working to maintain the company’s credibility.
