Payment company Ripple Labs and its CEO Brad Garlinghouse pointed out this morning (6) that the 'Trump effect' brought by the new government is fermenting, and the bull market has become a certainty, while the company currently has more than 75% of its vacant positions located in the U.S., seemingly ready to expand its business.
(Arthur Hayes: What is the truth about Trump? What assets should be laid out in advance?)
Ripple is looking at the U.S. and opening a large number of job openings
Garlinghouse stated in a tweet that the U.S. Securities and Exchange Commission (SEC), led by Gensler over the past few years, has stifled domestic crypto business opportunities, and now, market optimism is evident.
He revealed that Ripple Labs has signed more deals and partnerships with U.S. companies since the November 2024 election than in the past six months; the company now has 75% of its job openings located in the United States, whereas the majority of its employees were previously from abroad.
Garlinghouse emphasized that members of Trump's team, including soon-to-be Treasury Secretary Scott Bessent, White House AI crypto czar David Sacks, and SEC Chairman Paul Atkins, are clearly promoting innovation and job growth in the United States:
No matter how you put it, the 'Trump effect' has made cryptocurrencies powerful again through his campaign activities and the key policies he continues to announce!
From the recruitment content on Ripple's official website, it is clear that the company indeed has over 30 job openings in California and New York, covering areas such as finance, compliance, custody, and engineering and related supervisory positions.
Crypto companies are pleased to see this
With the new leader in the U.S. about to take office, crypto-related companies, developers, and investors are optimistic, believing that a more lenient and friendly regulatory environment compared to the past will maximize the development potential of the crypto industry.
Just last month, mining machine manufacturer Bitmain seemingly due to Trump's energy policy, announced plans to expand its production lines in the U.S.
Meanwhile, asset management giants Morgan Stanley and investment bank Goldman Sachs have also expressed optimism about the post-crypto market; the former intends to include cryptocurrency trading in its brokerage platform E-Trade, while the latter is considering participating in spot trading of Bitcoin and Ethereum.
(Morgan Stanley is expected to include cryptocurrency trading in its brokerage E-Trade, with the Trump phenomenon being the main reason for the plan)
Ripple's business expansion and price rebound
On the other hand, Ripple's business advancement and the price rebound of its token $XRP have undoubtedly attracted attention in the crypto market.
Specifically, this includes its core business, the decentralized cross-border payment solution RippleNet, digital asset custody services Ripple Custody for fintech companies, and the stablecoin RLUSD, which has just been approved by the New York Department of Financial Services (NYDFS).
(Ripple's stablecoin RLUSD is officially launched!)
This article discusses the ongoing fermentation of the Trump effect! Ripple's CEO claims that 75% of job openings are in the U.S.: The Trump bull market has become a certainty, first appearing in Chain News ABMedia.
