In a tweet, Ripple‘s CEO Brad Garlinghouse expressed his enthusiasm regarding the future of cryptocurrency and Ripple in the year 2025. He ascribes the growing energy in the market to what he terms as the “bull market” influenced by former President Trump.
As an analyst, I can personally attest to the sense of growth felt with Ripple, particularly in light of the long-standing regulatory challenges we’ve faced under SEC Chairman Gary Gensler. In my view, these hurdles have undeniably restricted our potential opportunities within the United States market.
2025 has arrived, and the Trump-era bull market is indeed a reality. For Ripple, this development holds a more intimate significance following years of our domestic business opportunities being essentially frozen by the SEC under Gensler’s leadership at the SEC. The optimism is palpable and well-earned.
Today:
✅ Three-quarters (75%) of Ripple’s open positions are now based in the United States, while…— Brad Garlinghouse (@bgarlinghouse) January 5, 2025
Garlinghouse recently disclosed that a significant change has occurred, as 75% of Ripple’s current job vacancies are now within the United States, marking a notable shift from the previous four years when most hires were made abroad. Additionally, the company has seen an increase in US-based deals, closing more agreements in the last six weeks of 2024 – post the US presidential election – than during the six months prior to that period.
According to Garlinghouse, this newfound enthusiasm can be attributed to the impact of the Trump campaign and the expectation that his administration will take a favorable stance towards cryptocurrency. He particularly commended individuals such as Scott Bessent, David Sacks, and Paul Atkins, implying that their leadership is already fostering innovation and job creation, even before they formally assume office.
Changpeng Zhao expressed enthusiasm, noting that the ‘Trump effect’ seems to be revitalizing crypto. This optimism stems from anticipation of a friendlier regulatory climate for blockchain and cryptocurrencies under the current administration.
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2025-01-05 21:56