Brad Garlinghouse Highlights Trump’s Impact On Ripple
Ripple CEO Brad Garlinghouse has highlighted the positive impact that Donald Trump’s victory has had on Ripple’s business.
Ripple CEO Brad Garlinghouse discussed the impact of Donald Trump’s election victory on Ripple’s operations in an X post. He revealed that 75% of the company’s open roles are now US-based, which represents a change from the previous four years where most of the company’s hires were outside the US. Additionally, Garlinghouse noted that they had signed more US deals in the last six weeks of 2024 than in the previous six months.
Trump’s victory has undoubtedly provided a bullish outlook for the crypto industry due to his pro-crypto stance. Garlinghouse remarked that Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins, and others at the helm. He added that the “Trump effect” is already making crypto great again through his campaign and in the Administration’s day 1 priority. Ripple looks to have really benefitted greatly from this Trump effect.
The “Trump Bull Market” Is Real
In his X post, Brad Garlinghouse also stated that the “Trump bull market” is real. He remarked that for Ripple, this bull market is even more personal after Gary Gensler’s SEC effectively froze their business opportunities in the US for years. He added that optimism about the bull market is obvious and very deserved. This Trump bull market undoubtedly provides a bullish outlook for the XRP price especially.
With pro-crypto Paul Atkins set to lead the US Securities and Exchange Commission (SEC) under Trump’s Administration, the Commission could drop its long-running lawsuit against Ripple and Brad Garlinghouse. This is bullish for XRP because of the crypto’s ties with Ripple. The coin is believed to have remained stagnant in the 2021 bull run because of the lawsuit.
The Impact on Ripple’s Business
Ripple’s business has been positively impacted by Trump’s victory. The company has seen a significant increase in US-based deals and has signed more US deals in the last six weeks of 2024 than in the previous six months. This is a major change from the previous four years where most of the company’s hires were outside the US.
The company’s decision to launch its RLUSD stablecoin after Trump’s victory has also been successful. The RLUSD stablecoin has already enjoyed significant success, as it recently flipped PYUSD and EURC in 24-hour trading volume.
Conclusion
In conclusion, Ripple’s CEO Brad Garlinghouse has highlighted the positive impact that Donald Trump’s victory has had on Ripple’s business. The company has seen a significant increase in US-based deals and has signed more US deals in the last six weeks of 2024 than in the previous six months. The “Trump bull market” is real and provides a bullish outlook for the XRP price especially.
FAQs
Q: What is the “Trump bull market”?
A: The “Trump bull market” refers to the positive impact that Donald Trump’s presidency has had on the cryptocurrency market.
Q: What is the impact of Trump’s victory on Ripple’s business?
A: Ripple’s business has been positively impacted by Trump’s victory. The company has seen a significant increase in US-based deals and has signed more US deals in the last six weeks of 2024 than in the previous six months.
Q: What is the RLUSD stablecoin?
A: The RLUSD stablecoin is a digital currency that is pegged to the US dollar. It was launched by Ripple after Trump’s victory and has already enjoyed significant success.
Q: What is the impact of the SEC’s lawsuit on Ripple’s business?
A: The SEC’s lawsuit against Ripple has had a significant impact on the company’s business. The lawsuit has frozen Ripple’s business opportunities in the US and has caused the company’s stock price to decline.
