Ripple moves 75% of open roles to the US amid Trump’s pro-crypto shift

Ripple (CRYPLO:BTC) CEO Brad Garlinghouse revealed that 75% of Ripple Labs' open positions are now based in the United States.

The company has also secured more deals and partnerships in the US following the November 2024 elections compared to the past six months.

Garlinghouse attributed this shift to the incoming Trump administration and its pro-crypto stance.

“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,” he stated in a January 5 post on X.

The move has been seen as a reflection of optimism within the industry about the potential for more favorable regulatory conditions under President-elect Donald Trump.

Industry leaders, investors, and developers are anticipating a regulatory shift that will support crypto development in the United States.

Ripple’s strategy is not an isolated case.

Mining company Hive Digital recently announced that it would relocate its headquarters from Vancouver, Canada to San Antonio, Texas, citing the pro-Bitcoin stance of the incoming administration.

Additionally, financial institution Morgan Stanley is considering adding crypto trading to its E-Trade platform, driven by the favorable rhetoric surrounding the Trump administration.

ARK Invest’s Cathie Wood also predicted a surge in corporate mergers and acquisitions under the new administration, with a potential rise in Bitcoin’s price to $1 million by 2030, driven by pro-innovation policies and Bitcoin's (CRYPTO:BTC) scarcity.

Wood suggested that deregulation would foster a business-friendly climate, further accelerating the industry’s growth.

At the time of reporting, the XRP (XRP) price was $2.41.