Brad Garlinghouse Hails “Trump Bull Market” as Ripple Sees Growth in US

As the much-anticipated “Trump bull market” appears to be taking shape, Ripple CEO Brad Garlinghouse has shared his optimistic outlook for 2025.

While Donald Trump has not yet assumed office, Garlinghouse says his influence is already impacting the company.

Ripple CEO Says “Trump Effect” Is Reviving US Crypto Market

In a tweet on January 5, the CEO pointed out that since the election, Ripple has seen a significant boost in opportunities and business deals within the US.

Garlinghouse said that Ripple signed more US deals in the last six weeks of 2024 than in the previous six months combined. This uptick in business activity is attributed to the optimism surrounding Trump’s administration. There is also widespread belief that his policies will create a more favorable regulatory environment for crypto firms.

The Ripple CEO also shared that 75% of the company’s open roles are now US-based, a significant shift from the previous four years when most of the company’s hires were made outside the US.

Garlinghouse has also been an avid supporter of Donald Trump. The company pledged $5 million in XRP for Trump’s inauguration celebrations. In November, the CEO also donated another $25 million to Fairshake, a pro-crypto PAC.

“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 aren’t even in office yet! Say what you want, but the “Trump effect” is already making crypto great again,” Garlinghouse added.

Scott Bessent, David Sacks, and Paul Atkins are seen as champions of pro-crypto policies. They are set to play key roles in the new administration.

In his tweet, Garlinghouse also talked about how Trump’s win is “personal” for Ripple after the SEC froze their business. 

For context, Ripple has been embroiled in a prolonged legal battle with the SEC. The regulator accused the company of conducting an unregistered securities offering through the sale of its XRP token. 

What Next for Ripple?

A recent positive development for Ripple was that its RLUSD stablecoin received approval from New York’s financial regulator in December. RLUSD is expected to give tough competition to the USDT and USDC stablecoins.

There is also hope that XRP ETFs could become available this year. ETF issuers like WisdomTree, Bitwise, and Canary Capital have already filed with the SEC for XRP ETFs. An approval might see XRP skyrocketing to new highs in 2025. At the press time, it is trading at $2.40, up by just 0.49% in the past 24 hours.

XRP Price Performance. Source: BeInCrypto

Interestingly, it is not just Ripple that’s shifting its focus to the US following the change in administration. Recently, Bitcoin miner Hive Digital decided to relocate its headquarters from Vancouver to Texas, citing Trump’s pro-Bitcoin stance.