News
  • Mustafa Mulla
    author-profile

    Mustafa Mulla right arrow

    Author

    Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

    • author twitter
    • linkedin

  • 1 minute read

Ripple’s Garlinghouse to Join Trump’s U.S. Crypto Advisory Council? Here’s Who is in the Running

Story Highlights
  • Ripple CEO Brad Garlinghouse is shortlisted for a key role on President Trumpโ€™s U.S. Crypto Advisory Council.

  • The council will address crucial debates, including whether cryptocurrencies should be classified as commodities or securities.

  • Other prominent crypto leaders, including figures from Kraken, Coinbase, and Circle, are also considered for council positions.

Ripple CEO brad garlinghouse is reportedly on the shortlist for a key role on President Donald Trump โ€™s U.S. Crypto Advisory Council. This council, formed by executive order in Trumpโ€™s first week back in office, promises to play a pivotal role in shaping the future of cryptocurrency policies in the U.S.

Crypto regulations are certainly going to get a new look now. Is Ripple now on the fast-track to success?

U.S. Crypto Regulations Under Review

Under the Biden administration, many crypto companies faced challenges due to unclear and strict regulations. However, Trumpโ€™s push for innovation in digital assets is leading to a new direction.

The advisory council aims to bring industry leaders together to discuss the future of crypto in the U.S. and craft policies that foster innovation while ensuring proper regulation.

Commodities or Securities: A Critical Debate

One of the councilโ€™s biggest tasks will be determining whether cryptocurrencies should be classified as commodities or securities. This decision will have a direct impact on which regulatory bodyโ€”the SEC or CFTCโ€”will oversee the industry.

Garlinghouseโ€™s Impact on Crypto Regulations

Garlinghouseโ€™s potential role on the council has sparked much discussion about Rippleโ€™s influence in shaping crypto policy. Known for his long-time advocacy for clearer regulations, Garlinghouse could play a key part in creating a more defined and fair regulatory environment for the entire crypto industry.

Other Crypto Leaders in the Running

Garlinghouse is not the only one being considered for a position on the council. Other well-known figures in the crypto world, including Krakenโ€™s former general counsel Marco Santori, crypto podcast host Frank Chaparro, and CEOs from major companies like Circleโ€™s Jeremy Allaire, Coinbaseโ€™s Brian Armstrong, and Crypto.comโ€™s Kris Marszalek, are also under consideration.

Could XRP Join a National Reserve List?

There are also rumors that XRP could be included in a national reserve list, although nothing has been confirmed. Some speculate that Trumpโ€™s previous meeting with Ripple executives before his inauguration could be related to this development. If true, this move could position Ripple as an important player in the U.S. financial system.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

With key players like Garlinghouse in the mix, the future of U.S. cryptocurrency regulation is bound to take a more defined and innovative turn.

Show More

Related Articles

Back to top button