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Ripple CEO Brad Garlinghouse is reportedly shortlisted for a key position on President Donald Trump’s U.S. Crypto Advisory Council. The council, formed by executive order in Trump’s first week back in office, is expected to play a major role in shaping U.S. crypto policies and regulations.
U.S. Crypto 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 its biggest challenges will be determining whether cryptocurrencies should be classified as commodities or securities, a debate that 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.
Other Industry Leaders in Consideration
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.
Growing Role of Ripple and XRP
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.