Ripple CEO Brad Garlinghouse is reportedly among the top candidates for a key position on the US Crypto Advisory Council, a newly formed group under President Donald Trump’s administration.
The council, established by Trump’s executive order, is expected to play a significant role in shaping crypto policies and regulations in the United States.
Top Candidates for Crypto Advisory Council
According to the sources close to the matter, Brad Garlinghouse is among the top candidates, alongside other prominent industry figures.
Sponsored
Also being considered are Kraken’s former general counsel Marco Santori, crypto podcast host Frank Chaparro, and key Trump campaign donors, including Circle CEO Jeremy Allaire, Coinbase CEO Brian Armstrong, and Crypto.com’s Kris Marszalek.
Sources indicate that priority will ultimately be given to those with hands-on experience.
Council to Shape Crypto Regulatory Framework
President Trump established the council by executive order in his first week in office. Reportedly, its primary focus will be to lead discussions on the regulatory framework for crypto, addressing key questions such as whether cryptocurrencies should be classified as commodities or securities and whether they fall under the jurisdiction of the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).
The advisors will also play a pivotal role in shaping national policy and regulations, collaborating closely with President Trump, venture capitalist and tech entrepreneur “Crypto Czar” David Sacks, and government agencies, including the Treasury Department and Homeland Security.
On The Flipside
- Garlinghouse’s potential appointment to the council remains unconfirmed, with neither he nor any representatives commenting on the matter.
- The Ripple CEO has recently drawn criticism from Bitcoin advocates for lobbying in favor of a centralized XRP as a possible government-backed digital reserve.
Why This Matters
If Ripple’s CEO gains significant influence and a high position in the Crypto Advisory Commission, Ripple’s leadership could play a key role in shaping the industry’s future in the US.
Check out trending DailyCoin’s articles:
SEC Pulls Back on Crypto Enforcement, Reassigns Lawyers
Trump’s Sovereign Wealth Fund: A Big Deal for Crypto?