This is the so-called “Trump effect” on crypto has materialized — at least for one prominent crypto player — in the form of a stateside hiring spree.
Ripple has a number of open positions in its various departments. Around three-quarters (75%) of Ripple’s open positions are located in the US. This includes those at its newly expanded San Francisco, and New York office.
Open roles include a general compliance manager and financial systems lead of enterprise performance management in San Fran, as well as a KYC/due diligence specialist in NYC. There are also a lot of engineers.
This increase in hiring is a reflection of optimism on the US market, as a newly elected administration (Trump and his Cabinet nominees) enters power.
“While initial SEC policy shifts could begin within the first few months under new leadership, legislative progress may advance steadily as policymakers prioritize clear frameworks for digital assets,” Ripple’s spokesperson said to me. “The most immediate impact will likely come through changes in enforcement and by way of offering more regulatory guidance.”
Some scenarios may even see less regulation. The SEC, under a new leader (after Gary Gensler’s departure) could revoke SAB121, for example — guidance deterring some major players from custodying crypto.
Ripple wants to see the SEC’s regulation end by enforcement. The company is well aware of its legal struggles with SEC. Ripple also seeks “fit-for-purpose frameworks” Instead of applying outdated regulations “clear guidelines for institutional sales and distributions.”
A spokesperson for the company said that the clarifications mentioned above will allow it to dramatically expand its US operation.
Rep added: “We’ve already seen this starting to happen, closing as many enterprise deals in the two months post-election as in the previous six months.”
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