Ripple CEO Brad Garlinghouse is reportedly selected as a key position in President Donald Trump’s US Crypto Advisory Council. The council, formed by the executive order that took office in Trump’s first week, is expected to play a major role in shaping US crypto policy and regulations.
US Crypto Regulations
Under the Biden administration, many crypto companies felt they were burdening unclear and strict regulations. With Trump now seeking innovation in digital assets, the advisory board aims to guide industry leaders into debates about the future of US crypto.
One of the biggest challenges is determining whether cryptocurrencies should be classified as goods or securities. This is a discussion that directly affects regulatory oversight by the SEC or CFTC.
The inclusion of Garlinghouse’s finalists sparked speculation about Ripple’s impact on the formation of crypto policy. Given his longstanding advocacy for clearer regulations, his role could have a major impact on the wider industry.
Other industry leaders considered
Alongside Garlinghouse, other prominent cryptography leaders are considering seats on the council. These include former legal counsel Marco Santori of Kraken, host of Crypto Podcasts Frank Chaparro, Jeremy Allaire of Circle, Brian Armstrong of Coinbase, and Kris Mar of Crypto.com. Includes CEOs of major companies such as szalek.
Ripple and XRP’s role increase
There has also been no official confirmation, but rumors have also been circulating about the possibility that XRP will include it on XRP’s national reserve list. I believe that past meetings with Trump’s past Ripple executives before his inauguration could be linked to this latest development. If true, it could position Ripple as a key player in the US financial system.
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