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Ripple CEO Credits “Trump Effect” For Growth and Resurgence in US
In a recent post on his X platform, Ripple’s CEO Brad Garlinghouse attributed the sudden growth and resurgence of the company in the US market to what he calls the “Trump effect”. The post highlights two crucial points that have contributed to this shift. Firstly, the trajectory of the company has changed significantly since the presidential election results were announced, with a significant increase in open roles based in the US – a stark contrast from the previous four years where most open roles were internationally-based.
Secondly, Ripple signed more deals in the last six weeks of 2024 than it did in the previous six months combined. Garlinghouse believes that this surge is largely due to Trump’s pro-crypto stance and the expected changes in regulations under his administration. He credits Trump’s influence along with other prominent pro-crypto advocates such as Scott Bessent, David Sacks, and Paul Atkins for driving growth and job creation within the industry.
Garlinghouse expressed his gratitude towards these leaders, acknowledging their crucial role in shaping the future of the sector. The Ripple CEO is optimistic about the new administration and is confident that the upcoming regulatory clarity will not hinder innovation. Instead, he believes it will drive growth and success for Ripple and the broader crypto market, ushering in a renewed chapter of innovation and optimism.
It’s worth noting that this significant shift in Ripple’s trajectory marks a major change from the previous four years, where most open roles were internationally-based.
Source: www.cryptonewsz.com
