{"id":6221,"date":"2025-01-06T08:17:29","date_gmt":"2025-01-06T08:17:29","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6221"},"modified":"2025-01-06T08:17:29","modified_gmt":"2025-01-06T08:17:29","slug":"ripples-garlinghouse-touts-trump-effect-amid-bump-in-u-s-deals","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6221","title":{"rendered":"Ripple’s Garlinghouse Touts \u2018Trump Effect\u2019 Amid Bump in U.S. Deals"},"content":{"rendered":"
\n

Incoming U.S. President Donald Trump is widely expected to be a positive catalyst for the crypto market, but his promises are already bumping business for locally-based crypto firms.<\/p>\n

Financial firm Ripple Labs, which offers payment rails and the RLUSD stablecoin using the XRP Ledger, is reporting a bump in local deals and hiring efforts ahead of Trump\u2019s inauguration on Jan. 20 \u2014 pinning growth on the upcoming administration\u2019s campaign promises.<\/p>\n

\u201c2025 is here and the Trump bull market is real,\u201d CEO Brad Garlinghouse said in an X post late Sunday. \u201cFor 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.\u201d<\/p>\n

\u201cWe signed more US deals in the last six weeks of 2024 (since the election) than the previous six MONTHS. Say what you want, but the \u201cTrump effect\u201d is already making crypto great again \u2013 through his campaign, and in the Administration\u2019s day 1 priorities,\u201d he added.<\/p>\n

Garlinghouse added that the company is now almost exclusively hiring in the United States, which is a shift from the company’s expansion offshore during the previous Joe Biden administration.<\/p>\n

Ripple now has 75% of its open roles in the U.S., Garlinghouse said. As such, the firm is also donating to Trump’s upcoming inauguration and has pledged $5 million worth of XRP tokens to the effort.<\/p>\n

Since November, the speculative optimism among traders has been that a crypto-friendly Trump administration could benefit tokens linked to U.S.-based companies, such as Ripple Labs (related to XRP) and Uniswap (UNI), as the firms are more involved in boosting value for token holders.<\/p>\n

XRP prices have increased more than 300% since Trump\u2019s win, outperforming growth in all other major cryptocurrencies, mainly on the U.S. narrative.<\/p>\n

Traders from other countries are piling in, too. Last week, XRP surged more than 11% even as majors remained rangebound, led by $1.3 billion worth of trading volumes on Korea-focused exchange Upbit.<\/p>\n

A CoinDesk analysis previously flagged unusually high trading volumes for XRP stemming from South Korean exchanges, which has historically acted as a harbinger for price volatility with a bias to the upside.<\/p>\n

XRP was trading just above $2.40 during the Asian afternoon hours Monday, little-changed in the past 24 hours alongside the broader market.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Incoming U.S. President Donald Trump is widely expected to be a positive catalyst for the crypto market, but his promises are already bumping business for locally-based crypto firms. Financial firm Ripple Labs, which offers payment rails and the RLUSD stablecoin using the XRP Ledger, is reporting a bump in local deals and hiring efforts ahead […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6221","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6221"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6221\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}