Ripple Shifts Hiring Focus to the US
Ripple CEO Brad Garlinghouse announced a strategic shift in the company’s hiring focus, revealing that 75% of Ripple Labs’ current job openings are based in the United States. This is a big pivot for the blockchain company that has been facing various regulatory challenges within its home country. Garlinghouse credited the surge in US-based opportunities to the result of the 2024 presidential election as Donald Trump used pro-crypto rhetoric and policy signals.
“This is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years,” said Garlinghouse in a Jan. 5 post on X, the social media platform formerly known as Twitter. He also mentioned a string of recent deals and partnerships done in the US within a matter of months since the election.
Trump Administration Sparks Industry Optimism
The Chief Executive Officer praises what he described as the “Trump effect,” which he said he hopes revives innovation and jobs in the crypto industry. He also highlights the powerful signal coming from the couple of important advisors, Scott Bessent and David Sacks, who he perceives hold substantial influence on this administration’s policies in crypto.
It’s not only Ripple who thinks this. Across the sector, executives, developers, and investors are highly optimistic about much more-friendly regulation from this incoming regime.
Crypto Firms Get Head Start On Inauguration Day
The crypto world is expected to see at least a couple of big plays already with the second Trump administration that comes into power on Jan. 20, 2025. Mining firm Hive Digital has announced plans to move headquarters from Vancouver in Canada to San Antonio, Texas, anticipating a friendlier U.S. regulatory environment.
While in another development, sources close to Morgan Stanley have claimed that it is prepared to offer crypto trading through its E-Trade platform, the company’s spokespeople attributed this to the coming administration that proved friendly toward digital currencies.
A Bright Future Ahead for Crypto Growth
In this sense, ARK Invest’s Cathie Wood has recently called for a $1 million Bitcoin by 2030, citing the policies of pro-innovation and intrinsic scarcity as reasons. The experts said deregulation and pro-business in the agenda from the second Trump Administration will spur an era of growth seen never before in the crypto world.
The coming four years could unleash changes in everything-from corporate expansion and a new rise in investor confidence-onwards in the fate of cryptocurrencies in the US.
