Ripple’s CEO, Brad Garlinghouse, believes the election of President Trump is already having a positive impact on the US economy, particularly within the cryptocurrency sector. He claims this impact is especially noticeable for Ripple, given its ongoing legal battle with the SEC.
Ripple’s US Growth
Garlinghouse announced on X (formerly Twitter) that a significant shift is underway at Ripple. A whopping 75% of their open job positions are now based in the US. This is a major change from the previous four years, where the majority of hires were international. He also stated that Ripple signed more US deals in the six weeks following the election than in the preceding six months.
The Trump Administration’s Impact
Garlinghouse attributes this surge in US-based activity to the incoming Trump administration’s focus on innovation and job growth. He specifically pointed to key appointments:
- Scott Bessent: Nominee for Treasury Secretary, formerly of Soros Fund Management.
- David Sacks: Trump’s White House AI and Crypto Czar, a prominent Silicon Valley venture capitalist with a history of successful investments in major tech companies and a known crypto supporter.
- Paul Atkins: Trump’s new SEC chair, a former SEC commissioner.
Garlinghouse concludes that the “Trump effect” is already positively impacting the crypto market, even before the new administration officially takes office. He believes this is due to both the campaign promises and the early appointments made.
Disclaimer:
This information is for general knowledge and should not be considered investment advice. Always conduct thorough research before making any investment decisions./p>
