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US Ripple Rebounds Strongly in Post-Trump Election Environment

by aria-crypto.com

January 6, 2025 at 12:54


US Ripple Rebounds Strongly in Post-Trump Election Environment



CEO Brad Garlinghouse of Ripple has reported a significant spike in US business activities following the victory of Donald Trump in the 2024 election. In the last six weeks of 2024 alone, Ripple signed more deals in the US than in the previous six months, attributing this surge to the positive "Trump effect" on the cryptocurrency sector. Additionally, Ripple now boasts that 75% of its job openings are based in the US, a sharp pivot from previous years where recruitment was more global. This shift is not just numerical but deeply strategic, highlighting Ripple's focus on strengthening its domestic presence amid a changing political landscape. The optimism within Ripple has been substantiated by more than a 300% increase in the value of their cryptocurrency, XRP, post-election. Garlinghouse has openly expressed gratitude towards the incoming administration for reinvigorating the crypto industry in the US, especially after years of regulatory challenges spearheaded by the SEC. With high-profile, crypto-friendly figures anticipated to join the Trump administration, Ripple's leadership feels vindicated and poised for further growth. This proactive engagement in the US market follows a landmark legal victory where a judge ruled in favor of Ripple against the SEC, allowing them to continue major operations within the US. This series of events underscores a pivotal resurgence for Ripple in the US cryptomarket, catalyzed by political shifts and regulatory achievements.


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