Following the Trump administration’s reversal of the previous administration’s negative stance on digital assets, Ripple 
$2 has significantly concentrated its new hiring efforts in the United States. Stuart Alderoty, Ripple’s Chief Legal Officer, noted that the regulatory environment is evolving to support technology.
Policy Shifts
Three main policy areas have emerged under the new administration. These include regulatory executive orders issued by Trump, changes within regulatory bodies like the U.S. Securities and Exchange Commission, and the activities of working groups formed by Congress.
“Immediately after the election and the transition, the new administration is embracing technology and aims to position the U.S. as a hub for digital assets by removing regulatory barriers.” – Stuart Alderoty
Notably, Ripple’s shift from international hiring initiatives to a 75% focus on U.S.-based hiring post-election may allow the sector to play a more significant role in the local market.
Regulatory Innovations
In the regulatory arena, Mark Uyeda, the acting chair of the U.S. Securities and Exchange Commission, indicated that significant steps will be taken for the sector. Uyeda’s administration is reportedly in the process of implementing regulations aimed at lifting restrictions faced by banks regarding digital asset custody.
After years of dialogue with Congress, comprehensive legal regulations for the digital asset sector may be introduced by 2025. This effort could encompass regulations concerning stable digital currencies, decentralized finance systems, and the overall market structure.
“This is the friendliest congressional environment we’ve ever seen. I believe we will see significant legal progress this year.” – Stuart Alderoty
Evaluations suggest that the new regulatory measures and policy shifts are laying the groundwork for clearer and more applicable rules for the sector. These initiatives are expected to contribute to positive developments in the digital asset industry on both national and international stages.
