Ripple CEO underlines positive effect of Trump victory for the U.S.
Ripple shifts hiring focus to U.S. as XRP surges 330% on Trump’s pro-crypto stance
Ripple CEO Brad Garlinghouse revealed that 75% of the company’s new hires are now U.S.-based, reflecting optimism surrounding Donald Trump’s incoming administration.
Key Takeaways
-Ripple’s U.S. Hiring Surge: 75% of Ripple’s job openings are now in the U.S., reversing a four-year trend of hiring abroad.
- Positive Market Sentiment: XRP surged over 330% to $2.41 amid a crypto market rally fueled by Trump’s reelection and pro-crypto stance.
- Cautious Outlook: While Trump’s pro-crypto promises excite investors, some experts warn of potential sell-offs if regulatory changes face delays.
Ripple’s comeback in the U.S. job market
Ripple CEO Brad Garlinghouse stated that 75% of the company’s open positions are now based in the United States. The shift comes as optimism grows around Donald Trump’s administration and its focus on crypto-friendly policies.
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Garlinghouse emphasized that Ripple had previously concentrated hiring outside the U.S. due to legal challenges with the SEC under former Chairman Gary Gensler. Ripple also closed more deals domestically in the last six weeks of 2024 than in the prior six months.
XRP price rallies amid renewed confidence
The crypto market has witnessed significant growth following Trump’s victory. Ripple’s native token, XRP, skyrocketed over 330%, climbing from $0.55 to $2.41.
XRP price dynamics (2022-2024). Source: Statista.
Investors are betting on Trump’s promises to establish the U.S. as a global crypto leader by building a strategic crypto reserve and encouraging domestic Bitcoin mining.
Expert warnings against overconfidence
Despite the optimism, former BitMEX CEO Arthur Hayes cautioned that Trump’s pro-crypto vision might face delays, potentially triggering market corrections. Hayes argued that unrealistic expectations could lead to a “vicious” sell-off if reforms stall.
Recently we wrote, that Ripple CEO Brad Garlinghouse attributed the recent 70% surge in XRP’s value to growing optimism surrounding regulatory clarity in the U.S.
