Ripple CEO Credits Trump Bull Market as US-Based Roles Dominate Hiring

Last updated:

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

About Author

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Last updated:

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more

Ripple

Ripple CEO Brad Garlinghouse on Sunday credited President-elect Donald Trump’s proposals for fueling optimism in the crypto market. He noted that most of Ripple’s open roles are now based in the US, a significant shift from the past four years when hiring was primarily international.

Also, Garlinghouse noted that since the election, Ripple has secured as many enterprise deals in the US as it did in the previous six months.

He indicated that this shift is a direct result of increased confidence driven by Trump’s proposals.

“For Ripple, this is even more personal after [SEC Chair Gary] Gensler’s SEC effectively froze our business opportunities here at home for years,” he added. “The optimism is obvious and very deserved.”

Ripple Doubles US Hiring as It Expands Offices in Key Cities

A Ripple spokesperson recently told Cryptonews that the company is kicking off 2025 with a major US hiring push, after years of navigating a tough regulatory environment.

“Ripple is doubling down on its belief that the US will become the crypto capital of the world once again,” the spokesperson said.

The company has doubled its hiring efforts in the US compared to 2023. Over the past year, it has also expanded into larger offices in major cities such as San Francisco and New York City.

Following SEC Disputes, Ripple Welcomes Trump’s Pro-Crypto Economic Policies

Ripple faced tensions with Gensler and the SEC due to a 2020 lawsuit targeting Ripple Labs, CEO Brad Garlinghouse and co-founder Chris Larsen. The SEC accused Ripple of selling XRP as an unregistered security. Under Gensler’s leadership, the lawsuit heavily disrupted Ripple’s US operations, leading to XRP’s delisting from many exchanges and hindering new business opportunities.

Since Donald Trump’s reelection, the crypto market has experienced a sustained surge, pushing Bitcoin and other cryptocurrencies to new all-time highs.

During the 2024 election cycle, Trump’s campaign took a bold pro-crypto stance, vowing to make the US the “crypto capital of the planet.” He pledged to establish a strategic Bitcoin reserve, signaling to investors that cryptocurrencies could play a role in the national economy. This marked a notable shift from the previous administration’s regulatory-heavy approach under Gensler, boosting investor confidence.

Moreover, Trump’s economic policies, which emphasize deregulation and tax cuts, are seen as favorable for speculative assets like cryptocurrencies. With expectations of increased government spending and potential inflation driven by stimulus efforts, many investors turned to Bitcoin as a hedge against fiat currency risks and traditional financial market instability.

You May Also Like