#Ripple CEO Brad Garlinghouse said, "We have entered 2025 and the #DonaldTrump bull market is now a reality," and added that Trump's team is trying to stimulate innovation in the US.
Garlinghouse added that Ripple has signed more deals in the US in the last six weeks than in the previous six months.
Ripple CEO Brad Garlinghouse stated that the priod known as the "Trump bull market" has become a reality by 2025. Garlinghouse said that the strict stance of former SEC Chairman Gary Gensler in particular has been challenging its activities in the US for years, but that optimism for the US market has revived with the new economic climate of the Trump team.
Garlinghouse made the following statements:
"We have entered 2025 and the Trump bull market is now a reality. This situation is much more special for Ripple, because Gensler's SEC has effectively frozen our business opportunities in our own home for years. Both and and Our optimism is at an observed level and this optimism is more than deserved āItās the case.ā
Garlinghouse emphasized that the vast majority of Rippleās hiring is now US-based, and that the negative picture of the last four years has almost reversed:
ā75% of Rippleās open positions are now from the US; the vast majority of new hires for the last four years were from outside the US.ā
A flurry of new deals after the election
After Trump won the 2024 election, Rippleās US-based deal activity has sharply increased, with Garlinghouse announcing that more deals have been signed in the last six weeks alone (since the election) than in the previous six months combined:
āWe have signed more deals in the US in the last six weeks of 2024 (since the election) than we did in the previous six months alone.ā
āMore money can be takenā
Brad Garlinghouse also stated that despite the Trump administration not yet officially taking office, rapid steps have been taken to stimulate innovation and employment, with the following words:
āTrumpās team has begun to stimulate innovation and employment in the US under the leadership of relatively uneducated names such as Scott Bessent, David Sacks, Paul Atkins and others. Whoever says it, the āTrump effectā is felt both during the campaign and now.
The administration has replaced crypto, which was among its first-day highlights, with those who are trying to make it āgreatā again.ā