Ripple CEO Brad Garlinghouse has announced a significant shift in the company’s hiring strategy, revealing that 75% of Ripple Labs’ current job openings are now based in the United States. This move marks a sharp turnaround from previous years when regulatory uncertainty hindered Ripple’s domestic growth.
In a Jan. 5 post on X (formerly Twitter), Garlinghouse attributed the shift to the pro-crypto rhetoric of the incoming Trump administration. He also noted that Ripple has closed more U.S.-based deals and partnerships since the November 2024 election than in the previous six months combined. “This is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years,” Garlinghouse wrote, expressing optimism about a brighter future under the new administration.
Industry Optimism Grows Under Trump’s Pro-Crypto Policies
The broader cryptocurrency industry is also gearing up for a more favorable regulatory climate under President-elect Donald Trump. The second Trump administration, set to take office on Jan. 20, 2025, has already inspired several companies to make strategic moves.
Hive Digital, a blockchain mining firm, announced plans to relocate its headquarters from Vancouver, Canada, to San Antonio, Texas. The company cited the incoming administration’s pro-Bitcoin stance as a significant factor in its decision.
Financial giant Morgan Stanley is reportedly considering adding cryptocurrency trading to its E-Trade platform. Spokespeople for the company acknowledged the Trump administration’s pro-crypto approach as a driving force behind this potential expansion.
Predictions for Growth and Innovation
ARK Invest founder Cathie Wood has also weighed in, predicting that deregulation under the Trump administration could pave the way for an era of innovation and growth. Wood forecasted a potential $1 million price for Bitcoin by 2030, emphasizing its scarcity and increasing adoption as a store of value. She also expects a surge in corporate mergers and acquisitions as businesses adapt to a more business-friendly regulatory environment.
A New Era for Crypto in the U.S.
The optimism surrounding the incoming administration has fueled hopes of a reinvigorated crypto landscape in the U.S. With Ripple’s renewed focus on its domestic operations and other companies positioning themselves to take advantage of a friendlier environment, the stage is set for significant growth in the cryptocurrency sector.
As Jan. 20 approaches, the industry eagerly anticipates how the new administration’s policies will shape the future of blockchain innovation and crypto adoption in the United States.
