The post Donald Trump Effect Bumps Ripple Labs U.S. Deals, XRP Gains appeared on BitcoinEthereumNews.com.

Incoming U.S. President Donald Trump is widely expected to be a positive catalyst for the crypto market, but his promises are already bumping business for locally-based crypto firms. Financial firm Ripple Labs, which offers payment rails and the RLUSD stablecoin using the XRP Ledger, is reporting a bump in local deals and hiring efforts ahead of Trump’s inauguration on Jan. 20 — pinning growth on the upcoming administration’s campaign promises. “2025 is here and the Trump bull market is real,” CEO Brad Garlinghouse said in an X post late Sunday. “For Ripple, this is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.” “We signed more US deals in the last six weeks of 2024 (since the election) than the previous six MONTHS. Say what you want, but the “Trump effect” is already making crypto great again – through his campaign, and in the Administration’s day 1 priorities,” he added. 2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved. Today:✅75% of Ripple’s open roles are now US-based, while… — Brad Garlinghouse (@bgarlinghouse) January 5, 2025 Garlinghouse added that the company is now almost exclusively hiring in the United States, which is a shift from the company’s expansion offshore during the previous Joe Biden administration. Ripple now has 75% of its open roles in the U.S., Garlinghouse said. As such, the firm is also donating to Trump’s upcoming inauguration and has pledged $5 million worth of XRP tokens to the effort. Since November, the speculative optimism among traders has been that a crypto-friendly Trump administration could benefit tokens linked…

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Filed under: News - @ January 6, 2025 8:23 am