Ripple’s XRP Leader Shortlisted For Crypto Advisory Council
Brad Garlinghouse, the CEO of Ripple, is reportedly shortlisted for President Donald Trump’s new Crypto Advisory Council.
This council’s mission is to direct US policy regarding blockchain and cryptocurrencies.
The New York Post reported that Frank Chaparro, host of the cryptocurrency podcast “The Scoop,” Ripple founder, and Marco Santori, former general counsel for Kraken, are among the leading candidates.
Garlinghouse’s and Ripple’s Chief Legal Officer Stuart Alderoty’s January 6 private dinner with President Trump is another factor contributing to the commotion surrounding him.
Garlinghouse has attributed the U.S. assistance to the Trump administration
There is no official word on whether Garlinghouse will join the council. Recently, Garlinghouse came under fire for corporate lobbying.
Ripple is alleged to be lobbying XRP for a possible government-backed digital reserve. Garlinghouse stated there shouldn’t be a single dominant cryptocurrency and argued against crypto maximalism.
The argument over a government-backed digital reserve is getting more heated, with proponents of Bitcoin claiming that due to its security and decentralization, BTC ought to be the primary asset. The industry will probably continue to be shaped by Ripple’s leadership and influence on whether Garlinghouse can get a seat at the table.
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