Trump's Crypto Council: Ripple CEO in the Running
1min read Ripple's CEO, Brad Garlinghouse, has been shortlisted for a key position on President Donald Trump's U.S. Crypto Advisory Council. The council, established by executive order during Trump's first week back in office, is expected to play a significant role in shaping U.S. crypto policies and regulations. Under the Biden administration, many crypto firms felt burdened by unclear and strict regulations. Now, with Trump's push for innovation in digital assets, the advisory council aims to bring industry leaders into discussions on the future of crypto in the U.S.
One of the biggest challenges the council will face is determining whether cryptocurrencies should be classified as commodities or securities. This debate directly affects regulatory oversight by the SEC or CFTC. Garlinghouse's inclusion on the shortlist has sparked speculation about Ripple's influence in shaping crypto policy. Given his long-standing advocacy for clearer regulations, his role could significantly impact the broader industry.
Alongside Garlinghouse, other notable crypto leaders are being considered for the council's seats. These include Kraken's former general counsel Marco Santori, crypto podcast host Frank Chaparro, and CEOs from major firms like Circle's Jeremy Allaire, Coinbase's Brian Armstrong, and Crypto.com's Kris Marszalek.
Rumors are also circulating about XRP's potential inclusion in a national reserve list, though no official confirmation has been made. Some believe Trump's past meeting with Ripple executives before his inauguration could be linked to this latest development. If true, it could position Ripple as a key player in the U.S. financial system.
