Ripple CEO Brad Garlinghouse Hails Trump’s Pro-Crypto Stance as Hiring Shifts Back to the US

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Under the tenure of departing SEC Chair Gary Gensler, Ripple has now encountered a substantial change of direction, having grappled with regulatory hurdles for several years.

Ripple Doubles Down on US Hiring

In a recent disclosure, Garlinghouse announced that 75% of Ripple’s workforce is now stationed in the US, marking a significant shift from the previous four years when the company focused on international hiring. This change comes amidst what he referred to as a personal challenge for Ripple, following Gensler’s SEC actions that have restricted Ripple’s domestic business opportunities for several years, as expressed in his January 5 social media post.

The CEO additionally pointed out an impressive achievement: In the six weeks after Trump’s election win, Ripple secured more partnerships with American companies than during the previous six months. This surge in activity coincides with the company’s growth strategy, which includes setting up larger offices in important cities like San Francisco and New York.

A representative from Ripple stated, “Ripple remains firm in its conviction that the U.S. will once again take the lead as a worldwide hub for cryptocurrencies.

On Tuesday, Ripple’s CEO Brad Garlinghouse shared a photo indicating he dined with President Trump at Mar–a-Lago. Also present was Stuart Alderoty, Ripple’s Chief Legal Officer. While the meal menu isn’t disclosed, it’s assumed they enjoyed burgers, fries, and Diet Coke. What is known is that they discussed a promising and invigorating outlook for cryptocurrency in the United States.

Regarding which cryptocurrencies might thrive during President Trump’s term, this can be quite subjective, but we have some hypotheses. The Ripple’s XRP ledger Token appears to be a certainty, with Trump’s dinner with Brad Garlinghouse and his signature thumbs up as a positive indicator that the XRP price will surge in 2025, potentially experiencing the “Trump Pump” effect.

Dogecoin could be another strong competitor in the cryptocurrency market. Simplifying investment strategies often yields the best results. Given Elon Musk’s affinity for Doge and Donald Trump’s appreciation for Elon, Dogecoin’s value may increase. Keep it straightforward. Many believe that Dogecoin will reach $1 eventually.

Trump’s Pro-Crypto Policies Ignite Industry Optimism

Trump’s re-election campaign advocated a daring pro-cryptocurrency platform, aiming to make the U.S. the leading global hub for cryptocurrencies. Crucial plans involve setting up a strategic Bitcoin reserve and easing regulations to stimulate creativity.

The change in this policy has sparked renewed trust among investors, causing Bitcoin and other digital currencies to reach record-breaking peaks. Moreover, Donald Trump’s economic strategies, focusing on less regulation and tax reductions, are seen as drivers for growth in riskier assets such as cryptocurrencies.

According to Garlinghouse, Team Trump has kicked off initiatives aimed at fostering innovation and creating employment opportunities in the U.S., with key figures such as Scott Bessent, David Sacks, and Paul Atkins leading the charge.

Ripple’s SEC Battle and the Path Forward

For a while now, Ripple’s domestic activities have been affected by a 2020 SEC lawsuit which claimed the company was selling XRP as an unregistered security. This lawsuit resulted in XRP being removed from many exchanges and hindered Ripple’s domestic growth. Yet, Garlinghouse remains hopeful that under Trump’s administration with its pro-cryptocurrency appointees, there may be a path to regulatory understanding.

Under President Trump’s administration, it’s anticipated that Paul Atkins, a well-respected proponent of cryptocurrency development, will take the helm at the SEC. This potential appointment has sparked discussion about the possibility of the ongoing lawsuit against Ripple being dropped, which could pave the way for fresh prospects for the company.

Global Financial Dynamics Add Complexity

Simultaneously, as Ripple gains traction and the US crypto market expands, significant shifts are occurring globally in the financial system landscape. Countries from Asia and the Middle East are progressing with various initiatives, like China’s mBridge platform, which aims to facilitate cross-border fund transfers using Central Bank Digital Currencies (CBDCs), thereby reducing dependence on the US dollar and SWIFT for such transactions.

From my perspective as a crypto investor, I’m steadfastly dedicated to leveraging blockchain technology to link conventional and decentralized finance systems. Just like Garlinghouse mentioned, our company is resolute about expanding our footprint within the United States, all while adapting to the evolving global financial terrain.

A Bullish Outlook for Ripple

Under the Trump administration, regulations have been shaped to foster a more welcoming atmosphere, boosting confidence in the cryptocurrency sector. Ripple’s increased attention on the American market and expanding network of collaborations underscore their preparedness to take advantage of these regulatory shifts.

Ripple’s CEO, Garlinghouse, stated that this bull market holds a unique significance for their company due to its resilience in face of regulatory hurdles. With the Trump era reaching its climax, Ripple, XRP, and the overall crypto sector are gearing up for a transformative 2025. It’s time to revise your price predictions as things are set to heat up. Here’s to a lively inauguration!

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2025-01-08 11:24