Ripple CEO Brad Garlinghouse said, “2025 is here, and the Trump bull market is real.” After years of regulatory failures under Gary Gensler’s SEC, the business is entering the U.S. market to capitalize on a significant political shift.
Over the previous four years, Ripple has hired internationally, but currently 75% of its employment are in the U.S. Brad said that the business inked more U.S. transactions in the six weeks after Trump’s victory than in the preceding six.
He also commended Trump associates Scott Bessent, David Sacks, and Paul Atkins for boosting crypto innovation and employment creation before the new government took office.
Brad dubbed the 119th Congress the “most pro-crypto Congress in history.” He thinks crypto legislation is unusual, with politicians eager to handle sector issues. Crypto elites gave $135 million to Trump and other congressional elections since this Congress took office. They want the SEC’s actions against the business dropped, global banking opened, and a U.S. Bitcoin reserve.
World financial institutions are breaking between Western and Eastern blocs as the U.S. prepares for a crypto-friendly age. Thailand, Hong Kong, and the UAE have joined China’s mBridge platform to resolve cross-border claims using central bank digital currency. This strategy aims to decrease dollar and SWIFT use, evading American financial monitoring. Saudi Arabia joined mBridge mid-2024.
Financial dynamics are shifting globally. Bank for International Settlements’ departure from mBridge revealed rising concerns regarding dollar weaponization. Putin regards the technology as a sanction-evasion tool.
For frictionless cross-border transactions, India and Southeast Asia are strengthening their payment networks. Hong Kong travelers may now pay for services in Thailand by scanning QR codes connected to their bank accounts. Citigroup predicts a $4 trillion tokenization market for financial and real-world assets by 2030. Asian leaders include Hong Kong and Singapore. Hong Kong is considering digital green bonds, while Singapore automates fund management and private banking using smart contracts.
Recently, 13% of central banks saw CBDCs as the greatest answer for cross-border transfers, down from 31% in 2023. China’s digital yuan, long expected to dominate global digital payments, has failed to gain popularity.Other nations have delayed CBDC development and explored tokenized deposits. Deposit tokens are more flexible for financial organizations than CBDCs since they use deposit insurance instead of 1:1 reserve backing.
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