- Brad Garlinghouse is rumored to join Trump’s new Crypto Advisory Council.
- The U.S. crypto market to see more innovation with less regulation, key figures leading the charge.
- Ripple in the mix for XRP’s inclusion in government-backed digital reserve discussions.
The U.S. crypto market is going through some exciting changes with David Sacks, the new crypto czar, promising more innovation and less regulation, and Hester Peirce launching a new crypto task force, it feels like the U.S. is gearing up for a golden age in cryptocurrencies.
Among the major developments, rumors suggest that Brad Garlinghouse, CEO of Ripple, may be on the shortlist for President Donald Trump’s new Crypto Advisory Council. This council aims to guide U.S. policy on cryptocurrency and blockchain technology. While advisory councils have existed before, this one is uniquely dedicated to crypto.
As reported by New York Post, Kraken’s ex-general counsel Marco Santori, Ripple founder and Frank Chaparro, host of the crypto podcast “The Scoop,” are among the top contenders.
Related: US Crypto Czar Examines New Strategic Bitcoin Reserve ‘Potential’
Ripple’s Role and Corporate Lobbying
The buzz about Garlinghouse also comes after he and Ripple’s Chief Legal Officer, Stuart Alderoty, attended a private dinner with President Trump on January 6. Garlinghouse has previously credited the Trump administration for helping the U.S. crypto market grow, with Ripple bouncing back and more jobs being created in the U.S. due to the growing crypto sector.
Despite the speculation, there’s still no official word on whether Garlinghouse will join the council. However, the talk has fueled further debate about Ripple’s position in the crypto sphere. Garlinghouse recently faced criticism over corporate lobbying. Some critics suggest that Ripple is pushing XRP as the cornerstone for a potential government-backed digital reserve. Garlinghouse rejected this view, arguing against crypto maximalism and insisting there shouldn’t be one dominant cryptocurrency.
Debate Over a Digital Reserve
The debate over a government-backed digital reserve is intensifying, with Bitcoin supporters arguing that BTC should serve as the main asset because of its decentralization and security.
Related: XRP Ledger Faces Rare Outage, Recovers Without Loss of Funds
As these discussions continue, the future of U.S. crypto looks set to witness significant developments. Whether Garlinghouse secures a seat at the table or not, Ripple’s influence and his leadership will likely continue to shape the industry.
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