Ripple CEO Brad Garlinghouse is reportedly being considered for a key role in President Donald Trump’s U.S. Crypto Advisory Council. This council, established through an executive order in Trump’s first week back in office, will significantly shape the future of cryptocurrency policies in the United States.
Trump’s Push for Crypto Innovation
The council’s creation signals a fresh direction in crypto policy. Under the Biden administration, the crypto industry faced obstacles due to unclear and often restrictive regulations. Trump, however, appears committed to fostering innovation in the digital asset sector while addressing regulatory concerns.
The U.S. Crypto Advisory Council aims to unite industry leaders to craft balanced policies that promote innovation and maintain necessary oversight. This collaboration could pave the way for a more favorable environment for cryptocurrency growth in the United States.
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One of the council’s primary tasks involves determining whether cryptocurrencies should be classified as commodities or securities. This decision will directly impact which regulatory body—the SEC or CFTC—will oversee the crypto market. The outcome of this decision could fundamentally reshape the regulatory landscape for digital assets in the U.S.
Garlinghouse’s Potential Impact
Garlinghouse’s inclusion on the council has sparked significant debate. Known for his advocacy for clearer crypto regulations, he could play a pivotal role in creating a fair and transparent regulatory framework for the industry. His leadership at Ripple has already positioned him as an influential figure in the crypto world.
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Garlinghouse isn’t the only candidate under consideration. Other prominent figures include Marco Santori, Kraken’s former general counsel; crypto podcast host Frank Chaparro; and CEOs like Circle’s Jeremy Allaire, Coinbase’s Brian Armstrong, and Crypto.com’s Kris Marszalek. Their inclusion highlights the council’s intent to draw on diverse expertise from across the crypto industry.
Speculation Around XRP’s Role
Speculation is also mounting about XRP’s potential inclusion in a national reserve list. Although unconfirmed, some observers link this possibility to Trump’s previous meeting with Ripple executives before his inauguration. If true, this development could elevate Ripple’s role within the U.S. financial system.
With this council’s formation, the U.S. crypto industry may soon enter a new era of clarity and innovation. Garlinghouse and other candidates stand poised to shape the policies that will define this transformation.
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