Compass Investments

– Ripple Labs announced a major shift in its operations, with CEO Brad Garlinghouse announcing that 75% of the company’s job openings will be in the US. The move comes at a time when Ripple has accelerated its domestic deals and partnerships, surpassing the number of agreements made six months before the US presidential election in November 2024.

Garlinghouse attributes this new momentum to the pro-cryptocurrency rhetoric expected from the incoming Trump administration and innovation-oriented policies. According to a Jan. 5 post on Site X praising the administration’s vision to revitalize the cryptocurrency sector.

Trump’s team, including Scott Bessent, David Sachs and Paul Atkins Standing at the helm, they are already triggering innovation and job growth in the U.S.-even though they have yet to take office. No matter what you say, the Trump Effect is already making cryptocurrencies great again.

Ripple’s rise in the U.S. market shows that the cryptocurrency industry as a whole is becoming increasingly optimistic. Executives, developers and investors are enthusiastic about what they believe will be a more favorable regulatory environment under the Trump administration, which will officially take office on January 20, 2025.

Ripple’s decision to prioritize U.S. jobs shows confidence in the country’s regulatory environment. The company’s recent partnerships indicate a renewed focus on expanding its operations in the country, and Garlinghouse believes the administration’s future stance could spark a renaissance in blockchain innovation.

the November 2024 election is a cryptocurrency tipping point in the sector’s prospects. Donald Trump’s return to the presidency, combined with his administration’s openly pro-cryptocurrency advisory role, has set the stage for what many industry leaders see as a period of regulatory clarity and growth

Ripple is not alone in rethinking its strategy. Several major players in the cryptocurrency space are positioning themselves to take advantage of the expected regulatory environment.

On December 31, Canadian cryptocurrency mining company Hive Digital announced that it is moving its headquarters from Vancouver, Canada to San Antonio, Texas. . Company explicitly cites the incoming government’s “pro-bitcoin stance” as a deciding factor. The move is expected to provide the company with greater operational certainty and access to the growing blockchain ecosystem in Texas.

Morgan Stanley, a major financial institution and owner of the E-Trade platform, also announced that cryptocurrency trading will be integrated into its Reportedly, Morgan Stanley is considering integrating cryptocurrency trading into its brokerage operations.

Sources within the company said that it was the future government’s rhetoric about encouraging cryptocurrencies that prompted the company to look in a new direction. Such a move could significantly increase access to digital assets for retail and institutional investors.

ARC Invest founder Katie Wood doubled down on her optimistic outlook for bitcoin and the crypto industry as a whole.By 2030, the price of BTC will reach US$1 million, Wood predicts, citing bitcoin scarcity and policies that support innovation as key factors. He also expects a surge in mergers and acquisitions in the next four years due to the Trump administration’s expected deregulation.

the second Trump administration announced its intention to make the U.S. a global leader in blockchain and cryptocurrency innovation. Advisors such as Scott Bessent, David Sachs and Paul Atkins are expected to play a key role in shaping policies that promote growth while addressing long-standing regulatory ambiguities.

key industry participants have expressed the following expectations: Regulatory clarity: Eliminate duplicative regulation by agencies such as the SEC and CFTC.

Business-friendly policies: Less bureaucracy and tax incentives for blockchain companies.