Ripple CEO: "Trump Effect" Prompts Significant Growth in Ripple's US Business

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Bitget2025/01/06 09:10

Ripple CEO Brad Garlinghouse stated that due to optimistic expectations of Trump's administration policies, Ripple's business in the U.S. market has significantly grown. Garlinghouse mentioned that the volume of U.S. transactions signed by Ripple in the last six weeks of 2024 exceeded the total for the previous six months and has concentrated 75% of new positions in the United States. This change stems from Trump's administration being considered more friendly towards cryptocurrencies and prioritizing innovation and job growth. Ripple has donated $5 million worth of XRP to support Trump's upcoming presidential inauguration ceremony. Since Trump was elected, XRP prices have risen over 300%, with growth in trading volumes on South Korean markets also driving price fluctuations and its overall upward trend.

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