In a recent post on Xpost, Ripple CEO Brad Garlinghouse expressed his optimism about the potential for crypto to flourish under the incoming Trump administration. According to Garlinghouse, 75% of Ripple Labs’ job openings are now based in the United States, and the company has closed more deals and partnerships in the US since the November 2024 election than in the previous six months.
The "Trump Effect" is Already Making Crypto Great Again
Garlinghouse attributed the changes to the incoming Trump administration and Donald Trump’s pro-crypto rhetoric. In his Xpost, he wrote:
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.
Industry executives, investors, and developers have all expressed optimism about the potential for crypto to flourish under the incoming administration and the expectation of a friendlier regulatory climate. As one executive noted:
The Trump administration’s pro-crypto stance has created a sense of excitement and opportunity in the industry. We’re seeing a surge in interest from companies looking to explore the possibilities of blockchain and cryptocurrency.
The Industry Says the Future Looks Bright under Trump
With the second Trump administration set to assume office on Jan. 20, the industry is already making moves before the highly anticipated inauguration. One notable example is Hive Digital, a mining company that recently announced it would relocate its headquarters from Vancouver, Canada, to San Antonio, Texas.
A More Pro-Bitcoin Stance
In its Dec. 31 announcement, Hive Digital cited the new administration’s pro-Bitcoin stance as one of the reasons behind its decision to relocate:
The new administration under President-elect Donald Trump has demonstrated a more pro-Bitcoin stance. We believe that this shift in policy will create a more favorable environment for cryptocurrency and blockchain innovation.
Morgan Stanley Considers Adding Crypto Trading
Another major player in the financial industry, Morgan Stanley, is also considering adding crypto trading to its E-Trade platform. Spokespeople for the company cited the pro-crypto rhetoric of the inbound Trump administration as one of the drivers behind this potential move:
We’re seeing a growing interest in cryptocurrency among our clients, and we believe that adding crypto trading to our platform will provide them with more options and flexibility.
Cathie Wood Predicts an Uptick in Corporate Mergers and Acquisitions
ARK Invest founder Cathie Wood recently predicted an uptick in corporate mergers and acquisitions over the next four years. She also forecasted a $1 million BTC price by 2030 due to pro-innovation policies and Bitcoin’s scarcity:
The expected deregulation under the second Trump administration will create a more business-friendly regulatory environment, which will lead to increased innovation and growth in the industry.
A More Business-Friendly Regulatory Environment
Wood’s prediction is based on her expectation of a friendlier regulatory climate under the Trump administration. She believes that this shift in policy will lead to increased investment and innovation in the industry:
We’re seeing a significant increase in interest from companies looking to explore the possibilities of blockchain and cryptocurrency. The expected deregulation under the second Trump administration will provide them with more freedom to innovate.
The Future Looks Bright for Crypto
While there are still many challenges ahead, the industry is optimistic about the potential for crypto to flourish under the incoming Trump administration. As one executive noted:
We’re seeing a sense of excitement and opportunity in the industry. The Trump administration’s pro-crypto stance has created a sense of optimism among companies looking to explore the possibilities of blockchain and cryptocurrency.
Conclusion
The incoming Trump administration is expected to create a more business-friendly regulatory environment, which will lead to increased innovation and growth in the industry. With 75% of Ripple Labs’ job openings now based in the United States and more deals and partnerships closed since the November 2024 election than in the previous six months, the industry is optimistic about its potential under the new administration.
Related Articles
- US Crypto Execs Express Hope for Regulatory Clarity in 2025: Industry executives are expressing optimism about the potential for crypto to flourish under the incoming Trump administration.
- Crypto Has 4 Years to Grow So Big ‘No One Can Shut It Down’: Kain Warwick, Infinex: The industry is predicting an uptick in corporate mergers and acquisitions over the next four years, with some companies already making moves to take advantage of the expected deregulation.
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