The post Ripple CEO Brad Garlinghouse says the “Trump bull market is real” appeared on BitcoinEthereumNews.com.

Brad Garlinghouse, Ripple’s CEO, has declared that: “2025 is here, and the Trump bull market is real.” The company, battered by years of regulatory setbacks under Gary Gensler’s SEC, is roaring back into the U.S. market, seizing opportunities created by a massive political change. Seventy-five percent of Ripple’s open positions are now U.S.-based, a significant reversal from the past four years, when most of its hiring was abroad. According to Brad, the company signed more U.S. deals in the last six weeks of 2024—after Trump’s election win—than in the previous six months. He also credited key figures in Trump’s circle, like Scott Bessent, David Sacks, and Paul Atkins, for kickstarting innovation and job growth in crypto even before the new administration officially takes office. Ripple capitalizes on a crypto-friendly Congress Brad has also called the 119th Congress the “most pro-crypto Congress in history.” He believes that the legislative energy around crypto is unprecedented, with lawmakers seemingly ready to tackle industry challenges head-on. The arrival of this Congress coincides with $135 million in campaign contributions from crypto elites to Trump and other key congressional races. Their demands are straightforward: eliminate the SEC’s lawsuits against the industry, open access to global banking, and launch a U.S. Bitcoin reserve. Meanwhile, as the U.S. prepares for a more crypto-friendly era, the world’s financial systems are splitting into Western and Eastern blocs. Countries like Thailand, Hong Kong, and the UAE have joined China’s mBridge initiative, a platform designed to settle cross-border claims using central bank digital currencies (CBDCs). This effort plans to reduce reliance on the U.S. dollar and SWIFT, effectively bypassing American financial oversight. Saudi Arabia joined mBridge in mid-2024. Global dynamics in finance are changing The Bank for International Settlements’ withdrawal from mBridge showed growing tensions over the weaponization of the U.S. dollar.…

---

Filed under: News - @ January 5, 2025 7:13 pm