Ripple's CEO Brad Garlinghouse said, "75% of open positions are now in the United States.
According to Cointelegraph, Ripple CEO Brad Garlinghouse said, “After Gensler’s Securities and Exchange Commission (SEC) effectively froze our domestic business opportunities for years, it became more personal.”
Galaxy House has announced that 75% of Ripple Labs’ job positions are now located in the United States, and after the November 2024 election, the company’s signed transactions and partnerships in the United States are more than in the previous six months.
Galaxy attributed these changes to the upcoming Trump administration and its pro-cryptocurrency remarks. Galaxy wrote in a post on X on January 5th:
The Trump team has already been pushing innovation and job growth in the United States. Scott Bessent, David Sacks, Paul Atkins, and others are at the helm - and they haven’t even taken office yet! However you say it, the ‘Trump effect’ has already made cryptocurrency great again.
Industry executives, investors, and developers are optimistic about the potential for the booming development of cryptocurrencies under the upcoming Trump administration, and look forward to a more friendly regulatory environment.
Industry’s Expectations for the Trump Administration
The second Trump administration will take office on January 20, 2025, and the industry is preparing for this highly anticipated inauguration ceremony.
Mining company Hive Digital recently announced that it will relocate its headquarters from Vancouver, Canada to San Antonio, Texas, USA.
The company stated in its announcement on December 31st, ‘The new government of President Trump has shown a more favorable stance towards Bitcoin.’
One of the world’s largest financial institutions, Morgan Stanley, is considering adding cryptocurrency trading to its list of supported assets on its E-Trade platform.
The company’s spokesperson mentioned that the Trump administration’s pro-cryptocurrency remarks are a potential driver for increasing crypto assets on the E-Trade platform.
ARK Invest founder Cathie Wood recently predicted that corporate mergers and acquisitions will increase over the next four years, and she expects the price of Bitcoin to reach $1 million by 2030, due to pro-innovation policies and the scarcity of Bitcoin.
The asset management company said that it expects a more business-friendly regulatory environment to be created under the second Trump administration, which is expected to relax regulations.