COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Ripple’s CLO Dismisses Controversial Allegations and XRP Surges
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ripple (XRP) > Ripple’s CLO Dismisses Controversial Allegations and XRP Surges
Ripple (XRP)

Ripple’s CLO Dismisses Controversial Allegations and XRP Surges

In Brief

  • Ripple's CLO strongly denies allegations linking the company to political figures.

  • XRP's price surged to a seven-year high following the rumored Trump meeting.

  • Legal challenges with the SEC continue to loom over Ripple's operations.

İlayda Peker
İlayda Peker 5 months ago
Share
SHARE

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 $2 for allegedly providing financial support to Kamala Harris. Alderoty took to Twitter to declare these accusations as baseless and entirely fabricated.

Contents
Ripple CLO Rejects Political ClaimsJohn Deaton Critiques Speculative ReportingXRP Price Hits Seven-Year Record Amid Controversy

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.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Michael XBT Predicts XRP’s Next Big Move

Ripple Expands its Digital Horizons with 10 Million RLUSD Creation

Ripple Battles SEC: Awaiting the Crucial Judgment

XRP Faces Selling Pressure: Will Its Price Decline Persist?

Ripple and SEC Drive Critical Court Decision for Future Impact

İlayda Peker 17 January, 2025 - 10:05 am 17 January, 2025 - 10:05 am
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article Ethereum Developers Set Stage for Exciting Pectra Update in March
Next Article Crypto Market Surpasses Apple as the World’s Largest with $3.56 Trillion Valuation
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Major Crypto Mining Firms Expand Operations to the US
Cryptocurrency Mining
U.S. Seizes Millions in Crypto to Combat Fraud
Cryptocurrency Law
You Won’t Believe How Companies Amass Billions in Cryptocurrency!
Cryptocurrency News
Cryptocurrencies Face a Tidal Wave of Potential Collapse
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?