As Donald Trump prepares to take office, many expect his presidency to drive growth in the crypto market. His commitments are already creating momentum for US-based crypto businesses. Ripple CEO Brad Garlinghouse, for one, announced that the company achieved significant progress in late 2024.
In fact, the entity has signed more US deals in the final six weeks of the year than in the previous six months owing to Donald Trumpâs victory in Novemberâs US presidential election.
In his latest tweet, the exec credited the post-election âTrump bull marketâ for the surge in activity and expressed optimism about Rippleâs future. Garlinghouse also revealed a major hiring shift, with 75% of Rippleâs open positions now US-based.
This is in stark change from the past four years when most hires were made internationally due to regulatory hurdles under Gary Gensler-led Securities and Exchange Commission (SEC), which reportedly froze Rippleâs âbusiness opportunitiesâ at home.
Ripple has faced significant challenges from the SEC, which accused the company and its executives of raising $1.3 billion through an unregistered securities offering. The securities watchdog alleged Ripple violated investor protection laws by failing to provide adequate disclosures about XRP and its business practices.
Despite the blockchain entity agreeing to disclose all XRP-related data, the SECâs demand for eight years of banking records was dismissed by a judge as overreach. After two years of litigation, a 2023 court ruling determined XRP was not a security in programmatic sales but could be classified as such in institutional fundraising contexts.
After years of throwing punches at each other, the legal proceedings may finally be over in 2025. Prominent American attorney Jeremy Hogan reiterated his previous sentiment and predicted that the Ripple vs. SEC legal battle could conclude by spring 2025, potentially by April or May.
With SEC Chairman Gensler expected to step down and Atkins, a crypto-friendly figure, likely to take his place, the outcome could have significant implications for both Ripple and the broader cryptocurrency market.
The post Brad Garlinghouse Applauds âTrump Effectâ as Ripple Gains Ground in US Deals appeared first on CryptoPotato.
In fact, the entity has signed more US deals in the final six weeks of the year than in the previous six months owing to Donald Trumpâs victory in Novemberâs US presidential election.
âTrump Bull Marketâ
In his latest tweet, the exec credited the post-election âTrump bull marketâ for the surge in activity and expressed optimism about Rippleâs future. Garlinghouse also revealed a major hiring shift, with 75% of Rippleâs open positions now US-based.
This is in stark change from the past four years when most hires were made internationally due to regulatory hurdles under Gary Gensler-led Securities and Exchange Commission (SEC), which reportedly froze Rippleâs âbusiness opportunitiesâ at home.
Ripple vs. SEC
Ripple has faced significant challenges from the SEC, which accused the company and its executives of raising $1.3 billion through an unregistered securities offering. The securities watchdog alleged Ripple violated investor protection laws by failing to provide adequate disclosures about XRP and its business practices.
Despite the blockchain entity agreeing to disclose all XRP-related data, the SECâs demand for eight years of banking records was dismissed by a judge as overreach. After two years of litigation, a 2023 court ruling determined XRP was not a security in programmatic sales but could be classified as such in institutional fundraising contexts.
After years of throwing punches at each other, the legal proceedings may finally be over in 2025. Prominent American attorney Jeremy Hogan reiterated his previous sentiment and predicted that the Ripple vs. SEC legal battle could conclude by spring 2025, potentially by April or May.
With SEC Chairman Gensler expected to step down and Atkins, a crypto-friendly figure, likely to take his place, the outcome could have significant implications for both Ripple and the broader cryptocurrency market.
The post Brad Garlinghouse Applauds âTrump Effectâ as Ripple Gains Ground in US Deals appeared first on CryptoPotato.
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