Ripple CEO Brad Garlinghouse recently posted on his X platform (formerly known as Twitter) regarding Ripple’s sudden growth, following a period of decline, thanks to what he calls the “Trump effect”. According to Ripple’s CEO, Donald Trump’s campaigns and pro-crypto stance has brought in a bullish market for XRP and broader crypto market after a tough time with the regulatory hurdles under the SEC.
Ripple Experiences Resurgence in the US Market
Garlinghouse in his post points out two crucial facts about the Trump effect. Firstly, after the presidential election results were announced, Ripple’s trajectory has been shifted significantly, 75% of its open roles are now based in the US. This marks to be a big change from the past four years, as most of the open roles were made internationally.
More US-based Deals
Secondly, the company also signed more US-based deals in the last six weeks of 2024 than in the previous six months combined. This indicates that the crypto industry is going to go through major changes in the next few months once Trump takes over the office. With more crypto-friendly policies and regulations, the Trump administration will bring in more innovation within the industry and a boom within the sector is to be expected.
Ripple CEO Appreciates Other Leaders As Well
In Garlinghouse’s tweet, he credits Trump’s influence and other prominent pro-crypto advocates such as Scott Bessent, David Sacks, and Paul Atkins to be the reason for this growth and job creation within the industry. He took a moment to appreciate the other leaders as well because all the changes will come through these leaders and will drive growth and optimism within the industry.
Brad Garlinghouse is optimistic about the new administration and he is sure that with administration changes and regulatory clarity, innovation will not take step back in the coming years and Ripple along with the broader crypto market is ready for a renewed chapter of growth and success.
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Source: https://www.cryptonewsz.com/ripple-ceo-trump-effect-growth-resurgence-us/