The post Bullish for XRP? Ripple’s CEO May Join Donald Trump’s New Advisory Council appeared on BitcoinEthereumNews.com.

TL;DR Ripple CEO Brad Garlinghouse is supposedly among the candidates for Trump’s cryptocurrency advisory council, where he could play a key role in shaping clearer regulations for XRP and the wider digital asset industry. The expansion of RLUSD, Ripple’s dollar-pegged stablecoin, could strengthen the XRP ecosystem by driving liquidity, increasing utility, and fostering broader adoption of the network. Most recently, Revolut embraced the product. Garlinghouse Emerges as Top Contender Donald Trump’s win in the US presidential elections was considered a huge win for the digital industry due to the Republican’s pro-crypto stance and his promises to let the sector thrive during his reign. While some might have thought that his positive approach was just another way to gather more voters, the new political leader of the States proved those wrong. During the first weeks after assuming office at the White House, Trump signed an executive order titled “Strengthening American Leadership in Digital Financial Technology.” He also reportedly plans to establish a cryptocurrency advisory council. According to coverage by the New York Post, the group might consist of well-known names that are part of the digital asset industry, such as Ripple’s CEO Brad Garlinghouse. The advisors’ main role will be to create a comprehensive regulatory framework for the sector and work closely with Trump and David Sacks (who the president tapped to serve as cryptocurrency and AI “czar”).  Garlinghouse’s potential involvement with the White House could be a game-changer for Ripple’s native token – XRP. After all, he could insist on clearer guidelines for the asset, which has been targeted by the US Securities and Exchange Commission (SEC) for years. Those following the development of the cryptocurrency industry in the past several years must be aware that the watchdog sued Ripple in December 2020 over allegations that the company conducted an unregistered securities…

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Filed under: News - @ February 6, 2025 1:23 pm