- Ripple CEO Brad Garlinghouse is a leading contender for the U.S. Crypto Advisory Council.
- Garlinghouse’s potential appointment could influence key decisions on crypto regulations.
- Strong ties with Trump may give Garlinghouse an edge in shaping clearer policies for XRP.
Brad Garlinghouse, the CEO of Ripple, is also likely to become a leading candidate for the U.S. Crypto Advisory Council. The council will play an important role in the USA, providing a coherent direction for the future of digital assets. Garlinghouse’s potential inclusion in the list has attracted the attention of everyone within the crypto-regulated industry.
Selection Criteria and Competence
According to a report by the New York Post on Tuesday, other nominated individuals included Brian Armstrong from Coinbase, Marco Santori from Kraken, and Jeremy Allaire from Circle. The selection of contenders for this position will be made strictly on merit, and the respondent will not receive any special favor if they are powerful politically.
It will engage in sensitive policymaking decisions, such as categorizing cryptocurrencies as securities or commodities. This classification could decide which agency will govern cryptocurrencies—the SEC or the Commodity Futures Trading Commission (CFTC).
Garlinghouse communicates well with the President of the United States of America, Donald Trump. They had met face to face on several occasions, including when the president visited his Florida estate, Mar-a-Lago. Though the details of the discussions remained unknown, they might have deliberated on a clearer policy for regulating virtual assets. This also makes XRP a candidate for becoming a financial reserve currency.
Related: Ripple’s XRP Ledger Recovers After Unexpected Network Halt
Potential Impact on XRP’s Future
If Brad Garlinghouse joins the U.S. Crypto Advisory Council, it could benefit the crypto industry and strengthen XRP. As an advocate for regulatory clarity and industry relations, Garlinghouse has consistently pushed for policies that support crypto growth. His involvement in the council could bring XRP to the forefront by influencing regulatory discussions and fostering a more transparent framework for digital assets. The following months can be quite significant for Ripple and the entire digital assets sector due to the expectations for new policies and frameworks.
