Ripple CEO’s Optimism with Trump’s Administration

Ripple CEO Brad Garlinghouse stated that 75% of the company’s job openings are now in the U.S., attributing this to positive sentiment surrounding Donald Trump’s administration.

> “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 remarked in an X post on Sunday.

Garlinghouse noted that for the last four years, the majority of Ripple’s hires were outside the U.S. due to a prolonged legal battle with the Securities and Exchange Commission (SEC), previously led by Gary Gensler.

In the last six weeks of 2024, Ripple signed more deals in the U.S. than it had in the preceding six months, as Garlinghouse expressed, “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.”

Following Trump’s reelection, the crypto market has seen a significant rally, lifting Bitcoin and XRP among other cryptocurrencies to new highs. XRP, for instance, rose over 330%, reaching approximately $2.41 from around $0.55, according to The Block’s XRP price page.

Trump, an advocate of crypto, has expressed his intention to position the U.S. as the “crypto capital” of the world, vowing to establish a national crypto stockpile and promote domestic Bitcoin mining. He is expected to take office on January 20.

Despite the optimism in the crypto sector regarding potential policy changes with the new administration, former BitMEX CEO Arthur Hayes cautioned that expecting Trump to implement significant reforms quickly may be unrealistic and could lead to a “vicious” sell-off in the crypto market.