Brad Garlinghouse, CEO of Ripple, shared that a significant proportion (75%) of Ripple Labs’ job vacancies are now located within the United States. Moreover, since the November 2024 election, the company has secured more business deals and partnerships in the US than it did during the previous six months combined.
According to Garlinghouse, these changes were due to the upcoming Trump administration and Trump’s supportive stance towards cryptocurrencies, as he expressed in a January 5th blog post.
“Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins, and others at the helm — and they are not even in office yet! Say what you want, but the ‘Trump effect’ is already making crypto great again.”
Various professionals in the industry, such as business leaders, financiers, and innovators, are hopeful that cryptocurrency will thrive under the new Trump administration, anticipating a more favorable regulatory environment.
The industry says the future looks bright under Trump
On January 20, 2025, the second term of the Trump presidency begins, and businesses are already taking steps in preparation for the much-awaited inauguration.
Recently, mining firm Hive Digital made an announcement that they plan to transfer their main office from Vancouver, Canada, to San Antonio, Texas, within the U.S.
In a statement made on December 31st, the company noted that the fresh leadership of President-elect Donald Trump appears to hold a favorable view towards Bitcoin.
As a researcher, I find myself delving into the latest developments in the digital asset space. Notably, Morgan Stanley – a globally recognized financial titan that also oversees the E-Trade platform – is pondering over the possibility of incorporating cryptocurrency trading onto their brokerage website’s roster of supported assets.
Representatives from the company pointed out that the supportive stance towards cryptocurrencies expressed by the incoming Trump administration could be a significant factor influencing their possible inclusion of digital assets on the E-trade platform.
Cathie Wood, the founder of ARK Invest, recently expressed her belief that the number of corporate mergers and acquisitions will increase significantly over the next four years. Additionally, she predicted that the price of Bitcoin could reach $1 million by 2030, driven by progressive policies promoting innovation and the inherent scarcity of Bitcoin.
As an analyst, I foresee that the anticipated deregulation under the second Trump administration could shape a more favorable regulatory landscape for businesses.
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2025-01-05 21:55