Ripple’s U.S. Expansion Amid Favorable Regulatory Climate
Ripple has doubled its U.S. hiring compared to 2023, expanding its presence in key cities, including San Francisco and New York. Currently, 75% of Ripple’s job openings are U.S.-based, reflecting a significant pivot from its international hiring strategy in recent years.
CEO Brad Garlinghouse highlighted this shift, noting that Ripple closed more U.S. deals in the final six weeks of 2024 than in the previous six months. He attributed the company’s renewed focus on the U.S. market to President-elect Donald Trump’s pro-crypto policies, including a proposed U.S. Bitcoin reserve, which has bolstered industry optimism.
Ripple’s comeback follows years of challenges stemming from the SEC’s 2020 lawsuit, which accused the company of selling XRP as an unregistered security. Under SEC Chair Gary Gensler, Ripple faced delistings and U.S. market setbacks. However, Trump’s deregulatory agenda and tax incentives have reignited confidence across the crypto sector, driving market growth and pushing Bitcoin to record highs.
Garlinghouse also praised Trump’s pro-crypto allies, such as Scott Bessent and David Sacks, for fostering innovation and job creation. He expressed optimism about the U.S.’s potential to become the global crypto leader.
Ripple’s resurgence mirrors broader industry trends, with companies like Hive Digital relocating to the U.S. and financial firms like Morgan Stanley exploring crypto trading. Analysts predict continued growth in the sector amid favorable regulatory changes.
