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The so-called “Trump effect” on cryptocurrencies has materialized - at least for one prominent cryptocurrency player - in the form of a hiring spree in the United States.
Ripple is looking for new professionals in all departments. Nearly three-quarters of its open positions are in the United States, including those at its recently expanded offices in San Francisco and New York.
Open roles include General Compliance Manager and Financial Systems Lead for Enterprise Performance Management in San Fran, as well as KYC/Due Diligence Specialist in New York City. And also a group of engineers.
Pick-up in hiring Reflects optimism In the American market with the arrival of the new administration to power (Trumpfor him Candidates for the Council of Ministers And a Pro-encryption Congress).
“Although 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,” a Ripple spokesperson told me. “The most immediate impact is likely to come through changes in implementation and by providing more regulatory guidance.”
There may be less regulatory guidance in some scenarios. Securities and Exchange Commission, under New leader (after Gary Gensler has passed away) SAB121 could, for example, repeal a directive that prevents some major players from holding cryptocurrencies.
Ultimately, Ripple said it is looking to put an end to SEC regulation through enforcement (the company knows all about the legal battles With the SEC). It also seeks to create “fit-for-purpose frameworks” (rather than applying decades-old regulations) and “clear guidelines for institutional sales and distributions”.
The spokesman said that such clarifications mentioned above would allow the company to significantly expand its operations in the United States.
“We've already seen this starting to happen, with as many enterprise deals closing in the two months following the election as they had in the previous six months,” the delegate added.
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