Brad Garlinghouse, Ripple‘s CEO, pointed out the beneficial effect Donald Trump’s election has brought to their business. He also mentioned the “Trump-led market surge,” which certainly gives a positive prediction for cryptocurrencies such as XRP.
Brad Garlinghouse Highlights Trump’s Impact On Ripple
In a recent blog post, Brad Garlinghouse explained how Donald Trump’s presidential win has affected Ripple’s business operations. He disclosed that about three-quarters (75%) of the company’s current job vacancies are situated within the United States.
This signifies a shift, as Garlinghouse pointed out that for the past four years, the majority of the company’s new hires have come from outside the U.S. Additionally, Ripple’s CEO disclosed that they sealed more contracts within the U.S. in the last six weeks of 2024 (following Trump’s election) than in the preceding six months.
Trump’s election victory has significantly boosted optimism within the cryptocurrency sector due to his supportive viewpoint on digital currencies. Brad Garlinghouse commented that the current administration under Trump is spurring innovation and job creation in the United States, with figures like Scott Bessent, David Sacks, Paul Atkins, and others leading the charge.
As an analyst, I can attest that the “Trump effect” has significantly contributed to the resurgence of cryptocurrencies. This impact is evident both during his campaign and in the Administration’s initial priorities. Notably, Ripple appears to have reaped substantial benefits from this Trump effect.
After the US President-elect’s victory over Kamala Harris in November of last year, the cryptocurrency company successfully introduced its RLUSD stablecoin. The RLUSD stablecoin has already experienced notable success, surpassing PYUSD and EURC in 24-hour trading volume just recently.
The “Trump Bull Market” Is Real
In a recent update, Brad Garlinghouse indicated that the “Trump-era bull market” indeed exists. For Ripple, he emphasized, this bull market holds a particularly significant, personal implication following years of restricted business opportunities within the U.S., due to actions taken by the SEC under Gary Gensler.
As a researcher, I can’t help but express my optimistic viewpoint regarding the current bull market. It’s clearly warranted, and when it comes to the XRP price, this Trump-era bull market seems particularly promising.
Under President Trump’s Administration, it’s possible that with pro-cryptocurrency figure Paul Atkins at the helm of the Securities and Exchange Commission (SEC), the ongoing legal dispute between the SEC and Ripple, including its CEO Brad Garlinghouse, might be resolved in a more favorable manner.
XRP’s positive outlook is due to its connection with Ripple. However, it was thought that the legal action taken against Ripple may have caused the coin to remain unchanged during the 2021 bull market.
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2025-01-05 20:29