Brad Garlinghouse Credits Trump Administration for Ripple’s US Expansion
Ripple CEO Brad Garlinghouse has spotlighted how Donald Trump’s victory in the 2024 election has sparked a wave of growth and innovation for Ripple and the broader cryptocurrency industry. With a pro-crypto administration on the horizon, Ripple and other blockchain enterprises are poised for significant advances.
Key Highlights
- Ripple Goes Local: 75% of Ripple’s open roles are now based in the US.
- A Surge in Deals: More US partnerships were signed in six weeks post-election than in the prior six months.
- The “Trump Bull Market”: Pro-crypto policies have reinvigorated optimism, boosting XRP and the crypto market at large.
Ripple’s Growth Under Trump
In a post on X (formerly Twitter), Brad Garlinghouse shared insights into Ripple’s transformation since Trump’s victory. A significant shift has occurred in Ripple’s hiring strategy, with most new roles now US-based. This marks a reversal from the past four years, where the company leaned on global markets for recruitment.
Garlinghouse also highlighted a spike in US deals since Trump’s election. According to him, Ripple secured more agreements within six weeks of the election than during the previous half-year.
“Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins, and others at the helm,” Garlinghouse said.
Ripple’s Recent Milestones
The incoming administration’s pro-crypto stance has already had tangible effects:
- Ripple successfully launched its RLUSD stablecoin, which quickly outpaced PYUSD and EURC in 24-hour trading volume.
- The anticipated appointment of Paul Atkins as the new SEC Chair may lead to the dismissal of the long-standing SEC lawsuit against Ripple.
This, combined with the overall bullish sentiment, signals brighter days ahead for XRP, Ripple’s native token.
The “Trump Bull Market”
Garlinghouse described the momentum as the “Trump Bull Market.” Ripple, which faced headwinds under previous regulatory uncertainty, now anticipates unprecedented growth.
Optimism extends across the industry, with predictions of Bitcoin’s value reaching new heights and corporate mergers accelerating. As the Trump administration prepares to take office on January 20, 2025, the crypto industry is looking forward to a transformative era of deregulation and innovation.
Industry Optimism on the Rise
Ripple isn’t the only company riding the wave of optimism:
| Key Industry Moves | Details |
|---|---|
| Hive Digital HQ Relocation | Moving from Canada to Texas for a friendlier regulatory environment. |
| Morgan Stanley Expansion | Considering adding crypto trading to E-Trade, citing pro-crypto rhetoric. |
| Cathie Wood’s Prediction | ARK Invest foresees a $1M Bitcoin price by 2030 under pro-innovation policies. |
Industry leaders agree that the regulatory clarity expected under Trump’s administration could transform the US into a global crypto hub.
Conclusion
Donald Trump’s return to the White House signals a new dawn for crypto enthusiasts and enterprises. Ripple’s achievements, buoyed by this optimism, are paving the way for broader industry growth. As Ripple’s CEO stated, “The Trump effect is already making crypto great again.”
The future looks bright for Ripple, XRP, and the global crypto community under a pro-crypto administration.
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