⚡ Trump Effect: Cryptocurrency is Making a Comeback – Ripple CEO
posted 6 Jan 2025
Ripple CEO Brad Garlinghouse credits the “Trump Effect” with driving a surge in U.S. job opportunities and renewed business activity in the cryptocurrency sector.
In a recent post on X, the Ripple CEO highlighted the growing momentum in the cryptocurrency industry, attributing it to Donald Trump’s re-election and his administration’s support for digital assets.
Garlinghouse also noted a dramatic shift in hiring trends, with up to 75% of Ripple Labs’ current job openings now based in the U.S. This marks a significant departure from previous years, when the company primarily focused its recruitment efforts overseas.
He also reported a surge in domestic market activity, stating that in the last six weeks of 2024, Ripple closed more deals in the U.S. than it had in the previous six months combined.
Additionally, the Ripple CEO praised the impact of key appointments in Donald Trump’s administration, citing their potential to drive growth in the cryptocurrency industry.
The appointees include Paul Atkins as SEC Chairman, Scott Bessent as U.S. Treasury Secretary, and David Sacks, dubbed the “crypto czar,” who will oversee national policies on artificial intelligence and cryptocurrencies.
The Trump administration has laid out ambitious plans, including establishing a national cryptocurrency reserve and ensuring that all Bitcoin mining is conducted within the U.S.
As Trump prepares to take office on January 20, the digital asset industry is anticipating new regulatory frameworks and growth opportunities, poised to bolster the U.S. crypto market further.
2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved,Garlinghouse explained.
Related: SEC vs Ripple: The Next Chapter
Garlinghouse also noted a dramatic shift in hiring trends, with up to 75% of Ripple Labs’ current job openings now based in the U.S. This marks a significant departure from previous years, when the company primarily focused its recruitment efforts overseas.
He also reported a surge in domestic market activity, stating that in the last six weeks of 2024, Ripple closed more deals in the U.S. than it had in the previous six months combined.
Additionally, the Ripple CEO praised the impact of key appointments in Donald Trump’s administration, citing their potential to drive growth in the cryptocurrency industry.
The appointees include Paul Atkins as SEC Chairman, Scott Bessent as U.S. Treasury Secretary, and David Sacks, dubbed the “crypto czar,” who will oversee national policies on artificial intelligence and cryptocurrencies.
Say what you want, but the “Trump effect” is already making crypto great again – through his campaign, and in the Administration’s day 1 priorities,Garlinghouse said.
Brad Garlinghouse, Ripple CEO. Source: Inc. Magazine
Ripple’s native cryptocurrency, XRP, has skyrocketed by over 330%, jumping from $0.55 to $2.41. This rally reflects widespread investor confidence, fueled by Trump’s vision to position the U.S. as the “world’s cryptocurrency capital.”
The Trump administration has laid out ambitious plans, including establishing a national cryptocurrency reserve and ensuring that all Bitcoin mining is conducted within the U.S.
As Trump prepares to take office on January 20, the digital asset industry is anticipating new regulatory frameworks and growth opportunities, poised to bolster the U.S. crypto market further.
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