Ripple Labs is experiencing growth in U.S. business deals and hiring, attributed to the anticipated positive impact of the Trump administration on the crypto market. CEO Brad Garlinghouse noted that Ripple signed more U.S. deals in the last six weeks of 2024 than in the previous six months, highlighting an optimistic shift in the local crypto environment post-election. The company has reportedly increased its U.S.-based roles to 75%, indicating a departure from previous offshore expansions under the Biden administration. XRP's price surged over 300% since Trump's electoral victory, outperforming other cryptocurrencies, driven by speculation surrounding the new administration's crypto-friendly policies. Traders, particularly from South Korea, have also shown significant activity in XRP, with high trading volumes signaling potential for price volatility. Garlinghouse confirmed that Ripple is actively engaging in the U.S. market with plans to support Trump's inauguration by donating $5 million in XRP tokens.

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