Donald Trump’s victory has had a beneficial effect on Ripple’s operations, as CEO Brad Garlinghouse noted.
Ripple CEO Brad Garlinghouse has emphasized the positive influence of Donald Trump’s victory on Ripple’s business. Garlinghouse also cited the “Trump bull market,” which undoubtedly offers a bullish outlook for coins such as XRP.
Brad Garlinghouse Emphasizes the Influence of Trump on the Ripple Effect
Brad Garlinghouse addressed the effects of Donald Trump’s election victory on Ripple’s operations in an X post. He disclosed that 75% of the organization’s vacant positions are in the United States.
This signifies a shift, as Garlinghouse observed that most of the company’s employees were recruited from countries outside the United States over the past four years. Furthermore, the CEO of Ripple disclosed that the company had executed more US deals in the final six weeks of 2024 (since Trump’s victory) than in the preceding six months.
Trump’s victory has undoubtedly provided a positive outlook for the crypto industry due to his pro-crypto stance. Brad Garlinghouse observed that Team Trump is fostering innovation and job growth in the United States, with Scott Bessent, David Sacks, Paul Atkins, and others serving as its leaders.
He also stated that the “Trump effect” is already catalyzing the resurgence of crypto through his campaign and the Administration’s day-one priority. Ripple has reaped substantial advantages from the Trump effect.
The RLUSD stablecoin was finally launched by the crypto firm following the US president-elect’s victory over Kamala Harris in November of last year. The RLUSD stablecoin has succeeded substantially, recently surpassing the 24-hour trading volume of PYUSD and EURC.
The “Trump Bull Market” Is Actual
Brad Garlinghouse also asserted in his X post that the “Trump bull market” is genuine. He observed that the bull market is even more personal for Ripple now that Gary Gensler’s SEC has effectively frozen their business opportunities in the United States for years.
He further stated that the bull market is well-deserved and optimistic. This Trump bull market undoubtedly offers a bullish outlook for the XRP price.
The US Securities and Exchange Commission (SEC) may abandon its protracted lawsuit against Ripple and Brad Garlinghouse if pro-crypto Paul Atkins assumes the position of SEC chairperson under the Trump administration.
This is advantageous for XRP due to its affiliation with Ripple. The lawsuit is suspected of contributing to the coin’s stagnation during the 2021 bull run.
