Key Takeaways:
- Ripple is increasing U.S.-based hiring and partnerships, citing optimism about the pro-innovation policies of the incoming Trump administration.
- Ripple signed more U.S. deals in the last six weeks of 2024 than in the previous six months, reflecting a more favorable crypto business environment.
- XRP has surged 300% since November 2024, driven by U.S. optimism and strong international demand, particularly from Korea-focused markets.
Ripple Labs is shifting its focus back to the U.S., citing optimism about pro-innovation policies expected from the incoming Trump administration.
Ripple reports signing more U.S. deals in the final six weeks of 2024 than in the previous six months, marking a turnaround in its U.S. operations after years of regulatory challenges under SEC Chair Gary Gensler.
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.
— Brad Garlinghouse (@bgarlinghouse) January 5, 2025
Today:
✅75% of Ripple’s open roles are now US-based, while…
CEO Brad Garlinghouse credited the “Trump effect” for creating a more favorable crypto environment and announced that 75% of Ripple’s current hiring is now U.S.-based, reversing its earlier offshore focus under the Biden administration.
The company is further aligning with the new administration by donating $5 million in XRP tokens to support the upcoming inauguration, emphasizing its confidence in the administration’s crypto-friendly stance.
XRP has seen a significant surge in market activity, with its price increasing over 300% since November, fueled by speculation about the Trump administration’s potential to favor crypto innovation.
International interest in XRP has also grown, with a recent 11% price jump driven by $1.3 billion in trading volume on Korea’s Upbit exchange.
Ripple’s strategic pivot underscores its readiness to capitalize on the expected regulatory shift, positioning itself as a leader in what could be a transformative period for the U.S. crypto industry.
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