Ripple Labs announced a major shift in its operations, with CEO Brad Garlinghouse announcing that 75% of the company's job openings will be in the US. The move comes at a time when Ripple has accelerated its domestic deals and partnerships, surpassing the number of agreements made six months before the US presidential election in Nov
ember 2024.
Garlinghouse attributes this new momentum to the pro-cryptocurrency rhetoric expected from the incoming Trump administration and innovation-oriented policies. According to a Jan. 5 post on Site X praising the administration's vision to revitalize the #cryptocurrency sector.
Trump's team, including Scott Bessent, David Sachs and Paul Atkins Standing at the helm, they are already triggering innovation and job growth in the U. S. -even though they have yet to take office. No matter what you say, the Trump Effect is already making cryptocurrencies great again.
Ripple's rise in the U. S. market shows that the cryptocurrency industry as a whole is becoming increasingly optimistic. Executives, developers and investors are enthusiastic about what they believe will be a more favorable regulatory environment under the Trump administration, which will officially take office on January 20, 2025.
Ripple's decision to prioritize U. S. jobs shows confidence in the country's regulatory environment. The company's recent partnerships indicate a renewed focus on expanding its operations in the country, and Garlinghouse believes the administration's future stance could spark a renaissance in #blockchain innovation.
the November 2024 election is a cryptocurrency tipping point in the sector's prospects. Donald Trump's return to the presidency, combined with his administration's openly pro-cryptocurrency advisory role, has set the stage for what many industry leaders see as a period of regulatory clarity and growth
#Ripple is not alone in rethinking its strategy. Several major players in the cryptocurrency space are positioning themselves to take advantage of the expected regulatory environment.
On December 31, Canadian cryptocurrency mining company Hive Digital announced that it is moving its headquarters from Vancouver, Canada to San Antonio, Texas. .
Read us at: Compass Investments