According to Ripple CEO Brad Garlinghouse, the company’s employment strategy has changed significantly, with 75% of vacant positions now based in the US. This is a shift from the previous four years, when the majority of Ripple’s employment took place internationally due to regulatory constraints at home. Garlinghouse attributes the shift to excitement about the incoming Trump administration’s crypto-friendly position.
The CEO stated that this outcome is very personal to Ripple, as the company suffered years of problems under the leadership of former SEC Chair Gary Gensler. According to Garlinghouse, the legislative environment at the time significantly hampered Ripple’s potential in the US market.
Ripple has signed more agreements within the United States since the presidential election than it did in the previous six months combined. Garlinghouse attributed the newfound impetus to the “Trump effect,” citing the administration’s emphasis on innovation and pro-crypto rhetoric as important drivers of business optimism.
Ripple’s expansion into the United States coincides with a surge of interest in the cryptocurrency sector. Many industry experts and investors are confident that the incoming government will create a regulatory climate that promotes blockchain innovation and cryptocurrency growth. The prospect of supporting policies has already prompted tremendous activity, with Ripple and others taking smart steps to capitalize on the anticipated changes.
As the Trump administration prepares to enter office, Garlinghouse’s remarks highlight the possibility of a more dynamic and supportive environment for the cryptocurrency business in the United States. Ripple’s commitment to increasing its footprint in the United States is consistent with the sector’s overall optimism and expansion.
