Ripple reported a sharp increase in U.S. deals following the 2024 presidential election, linking it to regulatory changes and Donald Trump's victory.
Increase in Deals
In the last six weeks of 2024, Ripple secured more U.S. deals than in the previous six months. CEO Brad Garlinghouse noted this as a significant achievement for the company.
Regulatory Challenges and Shifts
For the past years, the company faced challenges from the U.S. Securities and Exchange Commission (SEC). Garlinghouse highlighted these issues as stemming from government overreach and selective enforcement.
U.S.-Centric Strategy
Trump's election brought optimism for Ripple and the broader crypto industry. Regulatory shifts under his administration encouraged Ripple to focus on the U.S. market, with 75% of open roles now based domestically.
Ripple is rapidly increasing its presence in the U.S. market due to changes in the regulatory environment and the new administration. These developments could significantly impact the company's future expansion in the near term.
