As Donald Trump’s inauguration on January 20, 2025, approaches, the cryptocurrency market is buzzing with anticipation. Financial firms like Ripple Labs, a major player in blockchain-based payment systems, are already feeling the “Trump effect.” Ripple, known for its XRP Ledger and RLUSD stablecoin, reports significant growth in U.S.-based deals and a surge in hiring efforts, thanks to the incoming administration’s promises of a more crypto-friendly environment.
Ripple CEO Brad Garlinghouse expressed his optimism on social media, stating, “2025 is here and the Trump bull market is real.” He highlighted that the firm had signed more U.S. deals in the last six weeks of 2024 than in the previous six months, a clear sign of increasing confidence in the industry under Trump’s leadership. According to Garlinghouse, the “Trump effect” is already helping Ripple’s growth, which had been hampered by the SEC under the previous administration.
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.
— Brad Garlinghouse (@bgarlinghouse) January 5, 2025
Today:
✅75% of Ripple’s open roles are now US-based, while…
The firm is also making a notable shift in its hiring strategy. Historically, Ripple expanded internationally during the Biden era, but now, with 75% of its open roles based in the U.S., Ripple is focusing its efforts domestically. This is in line with the company’s broader push to capitalize on the growing optimism surrounding a crypto-friendly Trump administration. Ripple has even pledged $5 million worth of XRP tokens to support the president’s inauguration.
This rising optimism has also affected XRP’s price, which has surged by over 300% since Trump’s victory. The token has outperformed other major cryptocurrencies, particularly benefiting from the U.S.-centric narrative. Traders in countries like South Korea have also piled in, with XRP experiencing significant trading volume surges, signaling potential price volatility with a positive bias.
As the countdown to Trump’s inauguration continues, Ripple’s bullish outlook reflects the broader optimism in the crypto space, positioning the firm—and XRP—at the forefront of a potential market rally.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Ripple’s RLUSD Launch Sparks XRP Commitment Debate: Experts Weigh In
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