Donald Trump’s presidential preparations are boosting growth expectations in the crypto market. Ripple CEO Brad Garlinghouse announced that they signed more deals in the US following Trump’s victory. Garlinghouse emphasized the impact of the “Trump bull market,” and noted that 75% of Ripple’s hires are now based in the US. 🇺🇸
Ripple has been through a tough legal process with the SEC. In 2023, it was ruled that XRP was not a security in programmatic sales. However, it may be evaluated differently in an institutional context. The case is expected to end in 2025. Gensler’s replacement with crypto-friendly Atkins could create significant changes in the market. 📈