{"id":818067,"date":"2025-01-08T03:11:58","date_gmt":"2025-01-08T09:11:58","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/08\/brad-garlinghouse-hails-trump-effect-for-crypto\/"},"modified":"2025-01-08T03:11:58","modified_gmt":"2025-01-08T09:11:58","slug":"brad-garlinghouse-hails-trump-effect-for-crypto","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/08\/brad-garlinghouse-hails-trump-effect-for-crypto\/","title":{"rendered":"Brad Garlinghouse Hails \u201cTrump Effect\u201d for Crypto"},"content":{"rendered":"<div id=\"page\">\n<div id=\"content_box\">\n<header>\n<div>\n<p><img loading=\"lazy\" alt src=\"https:\/\/secure.gravatar.com\/avatar\/41169a86822e6585e2f87627f7d7ef3a?s=32&#038;d=mm&#038;r=g\"  height=\"32\" width=\"32\" decoding=\"async\"><\/p>\n<p><span><span>By <a href=\"https:\/\/fullycrypto.com\/author\/mahu_bs\" title=\"Posts by Mark Hunter\" rel=\"author\">Mark Hunter<\/a><\/span><\/span><\/p>\n<p><span><\/p>\n<p>24 hours ago<span>Tue Jan 07 2025 09:13:10<\/span><\/p>\n<p><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/header>\n<p><img width=\"1300\" height=\"890\" src=\"https:\/\/fullycrypto.com\/wp-content\/uploads\/2022\/04\/latest-news_blog_vo02.png\" alt title decoding=\"async\" fetchpriority=\"high\" data-layzr=\"https:\/\/fullycrypto.com\/wp-content\/uploads\/2022\/04\/latest-news_blog_vo02.png\">\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<div>\n<p><span><span>Reading Time: <\/span> <span> 2<\/span> <span>minutes<\/span><\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span>Ripple Labs has experienced a significant increase in US business activities following Donald Trump\u2019s election victory<\/span><\/li>\n<li aria-level=\"1\"><span>CEO Brad Garlinghouse notes that 75% of the company\u2019s current job openings are now based in the United States<\/span><\/li>\n<li aria-level=\"1\"><span>The company has secured more U.S. deals in the six weeks post-election than in the previous six months<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/fullycrypto.com\/what-is-ripple-and-how-does-xrp-work\"><span>Ripple<\/span><\/a><span> CEO Brad Garlinghouse has hailed the \u201cTrump effect\u201d on the crypto sector, noting that since Trump\u2019s election victory, Ripple Labs has observed a notable surge in its US operations. Garlinghouse reports that the majority of the company\u2019s job openings are now US-based, and recent domestic deals have outpaced those from earlier in the year. This is in sharp contrast to recent years where Ripple, along with other major crypto firms, began investing in overseas operations, fearing a major clampdown in the US.<\/span><\/p>\n<h2><span>Increased US Presence<\/span><\/h2>\n<p><span>The Biden administration\u2019s negative attitude towards crypto, pushed by an aggressive Securities and Exchange Commission (SEC), has seen many crypto companies looking abroad for expansion opportunities in recent years, including Ripple. In late 2023, the company was awarded operational licenses in <\/span><a href=\"https:\/\/fullycrypto.com\/bank-of-ireland-awards-ripple-operational-license\"><span>Ireland<\/span><\/a><span> and <\/span><a href=\"https:\/\/fullycrypto.com\/ripple-awarded-singapore-monetary-license\"><span>Singapore<\/span><\/a><span> as part of its overseas plans.<\/span><\/p>\n<p><span>However, since Donald Trump\u2019s victory last year, Gerlinghouse has noted a strategic shift towards the US market, with 75% of Ripple\u2019s open positions now located domestically. The CEO attributes this shift to the \u201cTrump effect,\u201d suggesting that the new administration\u2019s favorable stance on cryptocurrency is fostering innovation and job growth within the United States.\u00a0<\/span><\/p>\n<h2><span>Market\u2019s Positive Response<\/span><\/h2>\n<p><span>In addition to expanding its US workforce, Ripple has secured more American deals in the six weeks following Trump\u2019s election than in the previous six months. This uptick is seen as a direct response to the anticipated crypto-friendly policies of the incoming administration.\u00a0<\/span><\/p>\n<p><span>The cryptocurrency market has responded positively to these developments; Ripple\u2019s XRP cryptocurrency has experienced a significant increase in value since the election, shooting from $0.50 to $3 in just one month following the election.<\/span><\/p>\n<p><span>Overall, Ripple\u2019s recent activities indicate a strategic realignment towards the US market, driven by the anticipated pro-crypto stance of the Trump administration. This shift is expected to have a lasting impact on the company\u2019s operations and the broader cryptocurrency industry.<\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/fullycrypto.com\/brad-garlinghouse-hails-trump-effect-for-crypto?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=brad-garlinghouse-hails-trump-effect-for-crypto\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Mark Hunter<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Mark Hunter 24 hours agoTue Jan 07 2025 09:13:10 Reading Time: 2 minutes Ripple Labs has experienced a significant increase in US business activities following Donald Trump\u2019s election victory CEO Brad Garlinghouse notes that 75% of the company\u2019s current job openings are now based in the United States The company has secured more U.S.<\/p>\n","protected":false},"author":1,"featured_media":818068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55995,37979],"tags":[],"class_list":["post-818067","post","type-post","status-publish","format-standard","has-post-thumbnail","category-garlinghouse","category-hails"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/818067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=818067"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/818067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/818068"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=818067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=818067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=818067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}