Ripple Labs CEO Brad Garlinghouse has announced significant progress for the company in the U.S. market following Donald Trump’s presidential election win.
New Opportunities in the U.S.
According to Garlinghouse, as of January 5, 2025, 75% of Ripple’s job openings are based in the United States, marking a dramatic shift from the past four years when most hiring occurred internationally.
“In the last six weeks since the election, we’ve signed more deals in the U.S. than in the previous six months,” Garlinghouse stated. He emphasized that this rapid growth reflects the impact of the newly elected administration’s economic approach.
The “Trump Effect” on the Crypto Market
Garlinghouse praised the new economic policies being shaped by Trump’s team. He highlighted key advisors such as Scott Bessent, David Sacks, and Paul Atkins, noting their efforts to foster innovation and create jobs in the U.S. even before officially taking office.
“The Trump effect is already making crypto great again,” Garlinghouse added.
Ripple’s U.S. Comeback
Garlinghouse also reflected on the challenges Ripple Labs faced under the previous leadership of the Securities and Exchange Commission (SEC), led by Gary Gensler. The regulatory environment had stifled Ripple’s business opportunities in the U.S. for years. However, with Trump’s win and a renewed focus on economic growth, Ripple sees a clear path to reestablishing its position in the U.S. market.
Optimism in the “Trump Bull Market”
The Ripple CEO described this new phase as a “Trump bull market,” which opens vast opportunities for both the company and the broader crypto industry. “For us, it’s not just about business; it’s about a long-term vision for the cryptocurrency market,” Garlinghouse concluded.