Ripple CEO: 'Trump Effect' to Boost Bull Market for Ripple and Crypto Industry

Brad Garlinghouse, the CEO of Ripple, expressed optimism that the election of Donald Trump as President of the United States will invigorate the crypto industry, including Ripple.

On the 6th (local time), Garlinghouse stated on his X (formerly Twitter), "As 2025 begins, the so-called 'Trump Effect' has materialized into a bull market. Ripple, in particular, is in a more optimistic situation, having been effectively blocked from operating in the U.S. for years due to the Securities and Exchange Commission (SEC) led by Gary Gensler."

Thanks to this, Ripple is significantly expanding its hiring within the United States. Currently, 75% of the positions being hired are concentrated in the U.S., which contrasts with the past four years when hiring was primarily done overseas. Additionally, the number of new contracts signed in the U.S. in just six weeks after the 2024 presidential election has surpassed the records of the previous six months.

Garlinghouse also noted, "The Trump camp is already accelerating innovation and job creation. Key figures like Scott Bessent, David Sacks, and Paul Atkins are participating in policy-making and have begun earnest efforts. Even before officially taking office, they are reviving the crypto industry," he assessed.