#CryptoReboundStrategy
"75% of Ripple's job vacancies are now in the United States," says CEO Brad Garlinghouse.
"This is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years," wrote the CEO.
Ripple CEO Brad Garlinghouse announced that 75% of Ripple Labs' job vacancies are now located in the United States and that the company has closed more deals and partnerships in the United States after the November 2024 elections than in the previous six months.
Garlinghouse attributed the changes to the incoming Trump administration and Donald Trump's pro-cryptocurrency rhetoric. The CEO wrote in a January 5 post on X:
"Trump's team is already driving innovation and job growth in the U.S. with Scott Bessent, David Sacks, Paul Atkins, and others at the helm, and they aren't even in office yet! Say what you want, but the 'Trump effect' is already making cryptocurrencies great again."
Industry executives, investors, and developers have expressed optimism about the potential for cryptocurrencies to thrive under the incoming Trump administration, with expectations of a more friendly regulatory climate.
The industry says the future looks bright under Trump's administration.
Trump's second administration is set to take office on January 20, 2025, and the industry is already taking steps ahead of the highly anticipated inauguration.
The mining company Hive Digital recently announced that it will move its headquarters from Vancouver, Canada, to San Antonio, Texas, in the United States.
"The new administration of elected President Donald Trump has shown a more pro-Bitcoin stance," the company wrote in its announcement on December 31.
Morgan Stanley, one of the largest financial institutions in the world and owner of the E-Trade platform, is considering adding cryptocurrency trading to the list of assets allowed on its brokerage website.
Company spokespeople cited the incoming Trump administration's pro-cryptocurrency rhetoric as one of the drivers behind the possible incorporation of cryptocurrency assets into the e-commerce trading platform.
ARK Invest founder Cathie Wood recently predicted an increase in corporate mergers and acquisitions over the next 4 years and forecast a BTC price of $1 million by 2030 due to pro-innovation policies and Bitcoin scarcity.
The asset manager said that the expected deregulation under Trump's second administration will create a more favorable regulatory environment for businesses.