Brad Garlinghouse reported on social media X that Ripple is actively changing its business strategy to focus on the US market.
Due to a lawsuit from the US Securities and Exchange Commission (SEC) alleging that Ripple was selling unregistered securities, the company was forced to hire most of its employees abroad over the past four years.
Ripple now has 75% of its open positions in the US, and in the last six weeks of 2024, Ripple has made more deals in the US than in the previous six months.
Garlinghouse called this the “Trump effect” — the reorientation is happening just as Donald Trump is preparing to take office as US President. The head of Ripple attributed this trend to the optimism of crypto companies, which arose in connection with Trump’s promises to support digital assets.
Garlinghouse praised Trump for appointing people who are friendly to cryptocurrencies to the administration.