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75% of Ripple’s Jobs Now Based in the U.S. as Crypto Sector Prepares for Trump Administration | CoinMarketCap

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75% of Ripple’s Jobs Now Based in the U.S. as Crypto Sector Prepares for Trump Administration | CoinMarketCap

Ripple CEO Brad Garlinghouse has announced that 75% of Ripple’s current job openings are now based in the United States.

Ripple CEO Brad Garlinghouse has announced that 75% of Ripple’s current job openings are now based in the United States. This shift follows Donald Trump’s reelection in November 2024 and widespread optimism within the cryptocurrency industry about his administration’s anticipated pro-crypto policies. Garlinghouse highlighted that Ripple secured more U.S.-based deals in the last six weeks of 2024 than in the previous six months, attributing this growth to the so-called “Trump effect.” He praised key figures like Scott Bessent, David Sacks, and Paul Atkins for driving innovation and job growth even before the administration officially takes office on Jan. 20, 2025.

Garlinghouse expressed relief over a changing regulatory landscape, especially after years of challenges under former SEC Chair Gary Gensler. “For Ripple, this is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years,” he wrote. Ripple had previously focused most of its hiring outside the U.S. due to regulatory hurdles.

The broader cryptocurrency market has also responded positively to Trump’s reelection. Cryptocurrencies like Bitcoin and XRP have seen significant price surges, with XRP gaining over 330%. Trump has pledged to make the U.S. the “crypto capital” of the world by launching a national Bitcoin reserve and ensuring all Bitcoin mining occurs domestically.

Other industry players are taking action as well. Hive Digital, a cryptocurrency mining company, announced plans to relocate its headquarters from Vancouver, Canada, to San Antonio, Texas, citing the incoming administration’s pro-Bitcoin stance. Morgan Stanley is reportedly exploring the addition of cryptocurrency trading to its E-Trade platform, motivated by the expectation of a more supportive regulatory environment.
Cathie Wood, founder of ARK Invest, predicts substantial growth in the cryptocurrency sector, forecasting a $1 million Bitcoin price by 2030. She attributes this to Bitcoin’s scarcity and the deregulation expected under the Trump administration, which she believes will foster a more business-friendly environment. However, not everyone shares this unbridled optimism. Former BitMEX CEO Arthur Hayes has cautioned against overly high expectations, warning that delays in policy implementation could lead to sharp sell-offs in the market.

As Trump prepares to take office, industry leaders remain hopeful about the opportunities a pro-crypto administration could bring. Ripple and other companies are positioning themselves to take advantage of the anticipated regulatory changes, signaling a potentially transformative period for the U.S. cryptocurrency market.

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