Ripple CEO Brad Garlinghouse recently posted on his X platform (formerly known as Twitter) regarding Ripple's sudden growth, after a period of decline, thanks to what he calls the “Trump effect”. According to Ripple's CEO, Donald Trump's initiatives and pro-crypto stance have brought in a bullish market for XRP and the broader crypto market after a tough time with the regulatory hurdles under the SEC.
Ripple experience revived in the US Market
Garlinghouse in his post points out two important facts about Trump's victory. First, after the announcement of the results of the presidential election, the direction of Ripple has changed significantly, 75% of its open positions are now based in the US. This marks a significant change from the past four years, as most of the open positions were made internationally.
More deals based in the US
Second, the company signed more US-based deals in the last six weeks of 2024 than in the previous six months combined. This shows that the crypto industry is going to go through big changes in the coming months once Trump takes over the office. With more crypto-friendly policies and regulations, the Trump administration will bring more innovation into the industry and an increase within the sector is expected.
Ripple's CEO appreciates other leaders as well
In Garlinghouse's tweet, he believes that the influence of Trump and other prominent pro-crypto advocates such as Scott Bessent, David Sacks, and Paul Atkins are the reason for this growth and job creation in the industry. He took a moment to appreciate the other leaders as well because all the changes will come through these leaders and they will drive growth and hope within the business.
Brad Garlinghouse is optimistic about the new administration and is sure that with administrative changes and regulatory clarity, innovation will not take a step back in the coming years and that Ripple along with the wider crypto market is ready for a new chapter of growth and success.
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Source: https://www.cryptonewsz.com/ripple-ceo-trump-effect-growth-resurgence-us/
