What You Should Know

• Ripple is ramping up U.S.-based roles due to favorable views on President Trump's policies, which are believed to encourage innovation and job growth in the country.
• In the last six weeks of 2024, Ripple secured more agreements in the U.S. than in the last six months, indicating a positive shift in the business landscape following the election.
• This focus on the U.S. market is a direct response to what is termed the "Trump effect," which is seen as a factor making crypto more appealing in the United States.

Incoming U.S. President Donald Trump is anticipated to drive positive changes for the crypto sector, with his commitments already influencing local crypto enterprises positively.

Ripple Labs, known for its payment systems and the RLUSD stablecoin utilizing the XRP Ledger, reports an increase in domestic deals and recruitment efforts as Trump’s inauguration on January 20 approaches, crediting growth to the promises made by the new administration.

“2025 is here and the Trump bull market is real,” Brad Garlinghouse stated in an X post. “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.”

Garlinghouse underscored that Ripple is now predominantly hiring in the U.S., shifting from its recent offshore expansions during the prior Biden administration. Now, 75% of its job openings are U.S.-based, and the company plans to contribute to Trump’s inauguration with a donation of $5 million worth of XRP tokens.

Since Trump's electoral victory, speculative optimism among traders suggests that a favorable Trump administration could greatly benefit U.S.-based crypto companies like Ripple Labs (XRP) and Uniswap (UNI), enhancing their value propositions for token holders.

XRP prices have surged over 300% since Trump's win, eclipsing the growth of other major cryptocurrencies, largely fueled by U.S.-centric narratives.

In conclusion, as XRP trades around $2.40 during Asian market hours, the broader crypto market remains stable.