Ripple CEO Brad Garlinghouse announced that 75% of Ripple Labs' job openings are now located in the United States, following a notable increase in deals and partnerships within the country post the November 2024 election. Garlinghouse credits the changes to the incoming Trump administration's pro-crypto stance, claiming that the 'Trump effect' has positively impacted innovation and job growth in the US even before taking office. The second Trump administration is set to begin on January 20, 2025, with industry leaders expressing optimism about a more favorable regulatory environment for cryptocurrencies. Mining company Hive Digital is relocating from Canada to Texas, citing the new administration's pro-Bitcoin position. Additionally, Morgan Stanley is contemplating adding crypto assets to its E-Trade platform, influenced by the incoming administration's supportive rhetoric towards crypto. ARK Invest predicts an uptick in mergers and acquisitions due to deregulation under Trump, fostering a more business-friendly atmosphere.

Source 🔗