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Market News

Ripple CEO Applauds Trump’s Impact on US Crypto Growth

Garlinghouse attributed this renewed energy to the influence of the Trump campaign and the anticipation of his administration’s pro-crypto stance.

Written By Dishita Malvania
Fact Checked by Vaibhav Jha
Published January 5, 2025 11:27 PM·Updated 2 years ago
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Ripple CEO Applauds Trump’s Impact on US Crypto Growth

Ripple CEO Brad Garlinghouse took to Twitter to share his optimism about the state of cryptocurrency and Ripple’s trajectory in 2025, attributing the surge in momentum to what he calls the “Trump bull market.” 

Garlinghouse noted that Ripple’s growth feels personal, especially after years of regulatory hurdles under SEC Chair Gary Gensler, which he claims stifled the company’s opportunities within the United States.

2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.

Today:
✅75% of Ripple’s open roles are now US-based, while…

— Brad Garlinghouse (@bgarlinghouse) January 5, 2025

Highlighting a shift, Garlinghouse revealed that 75% of Ripple’s current job openings are US-based, a stark contrast to the past four years when most hires were made internationally. The company also experienced a boom in US deals, signing more agreements in the last six weeks of 2024—following the US presidential election—than in the preceding six months.

Garlinghouse attributed this renewed energy to the influence of the Trump campaign and the anticipation of his administration’s pro-crypto stance. He specifically praised figures like Scott Bessent, David Sacks, and Paul Atkins, suggesting their leadership is already sparking innovation and job growth, even before officially taking office.

“The ‘Trump effect’ is already making crypto great again,” Garlinghouse stated, reflecting widespread optimism within the industry about a more supportive regulatory environment for blockchain and cryptocurrency under the new administration.

Also Read: Jeremy Hogan Says SEC vs Ripple Case May Settle by May 2025

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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