06.01.2025 17:32
Donald Trump's re-election has had a positive impact on Ripple. Ripple CEO Brad Garlinghouse stated that the majority of the company's job positions in the U.S. are now consolidated in the country and that the crypto market has grown.
Ripple CEO Brad Garlinghouse announced that with Donald Trump's re-election, there has been a revival in the cryptocurrency sector in the U.S., and that 75% of the company's job positions are now based in the United States. The company has signed more deals in the U.S. under the Trump administration compared to previous periods, while the crypto market has also experienced a significant rise.
U.S. BECOMES CRYPTO CENTER WITH TRUMP'S RE-ELECTION
Ripple's top executive Brad Garlinghouse stated that the company has made a significant change in its employment policy following Donald Trump's assumption of the presidency. Garlinghouse noted that three-quarters of the company's job positions are now concentrated in the United States, announcing this development via the social media platform X.
In his statement, Garlinghouse said, "The vibrancy that the Trump factor has brought to the crypto world has manifested itself both during the election campaign and through the policies he pursued on his first days in office."
Recalling that the company had shifted its hiring abroad due to legal obstacles, especially during Gary Gensler's tenure as SEC chairman, Garlinghouse emphasized that in the six weeks since Trump's re-election, they have signed more business agreements compared to the previous six-month period.
Garlinghouse also stated, "This new era has been a very meaningful start for Ripple after the challenges of the past. Our optimism is both timely and based on valid reasons." The value of XRP has also shown a remarkable increase during this process. The cryptocurrency rose from $0.55 to $2.41, marking a 330% increase in value.
Despite Trump's promises to make America a "crypto center" and to create a national crypto reserve, former BitMEX CEO Arthur Hayes continues to take a cautious approach. Hayes warned that the difficulty of implementing such comprehensive transformations in the short term could lead to sharp declines in the crypto markets.