Ripple CEO Brad Garlinghouse announced that 75 percent of the company's open job postings are now in the United States. Garlinghouse stated that this change is due to Donald Trump's re-election as president. "Whatever you think, the 'Trump effect' is reviving the cryptocurrency industry," he said.
Ripple Now Signs More Deals in the US
Garlinghouse said that the company has recruited most of its business outside the US in the last four years. The main reason for this was that Ripple’s business opportunities in the US almost came to a standstill during the term of former SEC Chairman Gary Gensler. However, this trend has reversed due to the positive expectations under the Trump administration. The CEO said, “This is a personal matter for Ripple. The SEC under Gensler froze our business for years. But now we are growing again in the US.”
Garlinghouse also said that Ripple has closed more deals in the last six weeks of 2024 alone than in the previous six months. This shift suggests that the company is increasing its activity in the US market.
Trump’s Cryptocurrency Plans Revitalize the Industry
Trump’s re-election brought about a long-term rise in the cryptocurrency market. Major cryptocurrencies such as Bitcoin (BTC) and XRP gained significant value. The price of XRP increased by approximately 330 percent, from $0.55 to $2.41. As will be recalled, Trump announced his goals of creating a national cryptocurrency reserve and ensuring that all Bitcoin mining is done within the country, promising to make the US the “capital of cryptocurrency.”
Although there are high expectations from the Trump administration in the sector, experts emphasize that the policies can yield results in the long term. However, for Ripple and other cryptocurrency companies, the new era represents a beginning full of opportunities.
Although there are high expectations from the Trump administration in the sector, experts emphasize that the policies can yield results in the long term. However, the new era represents a beginning full of opportunities for Ripple and other cryptocurrency companies.or.