Ripple CEO Brad Garlinghouse announced that 75% of Ripple Labs’ job openings are now based in the United States, and the company has closed more deals and partnerships in the US following the November 2024 election than in the previous six months.
Garlinghouse attributed the changes to the incoming Trump administration and Donald Trump’s pro-crypto rhetoric. The CEO wrote in a Jan. 5 X post:
“Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins, and others at the helm — and they are not even in office yet! Say what you want, but the ‘Trump effect’ is already making crypto great again.”
Industry executives, investors, and developers have all expressed optimism about the potential for crypto to flourish under the incoming Trump administration, with the expectation of a friendlier regulatory climate.
Related: US crypto execs express hope for regulatory clarity in 2025
The industry says the future looks bright under Trump
The second Trump administration is set to assume office on Jan. 20, 2025, and the industry is already making moves before the highly-anticipated inauguration.
Mining company Hive Digital recently announced it would relocate its headquarters from Vancouver, Canada to San Antonio, Texas in the United States.
“The new administration under President-elect Donald Trump has demonstrated a more pro-Bitcoin stance,” the company wrote in its Dec. 31 announcement.
Morgan Stanley, one of the largest financial institutions in the world and the owner of the E-Trade platform, is considering adding crypto trading to the brokerage website’s list of supported assets.
Spokespeople for the company cited the pro-crypto rhetoric of the inbound Trump administration as one of the drivers behind the potential addition of crypto assets to the E-trade platform.
ARK Invest founder Cathie Wood recently predicted an uptick in corporate mergers and acquisitions over the next 4 years and forecasted a $1 million BTC price by 2030 due to pro-innovation policies and Bitcoin’s scarcity.
The asset manager said that the expected deregulation under the second Trump administration will create a more business-friendly regulatory environment.
Magazine: Crypto has 4 years to grow so big ‘no one can shut it down’: Kain Warwick, Infinex
