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Former Ripple director Sean McBride has fueled speculation about Ripple CEO Brad Garlinghouse potentially being tapped for a crypto-focused role in Donald Trump’s White House. The position, rumored to be the first of its kind, would signify the administration’s increasing interest in regulating and fostering innovation in the crypto industry. Ripple CEO Brad Garlinghouse to Take on White House Role McBride shared his insights on X (formerly Twitter), responding to questions about the potential appointment. “There is a real and growing possibility Brad Garlinghouse will be chosen as Trump’s new Crypto Czar,” the ex-Ripple exec wrote. The statement has sparked widespread discussion within the XRP community. When questioned about the implications of such a move for Ripple, McBride confirmed that Garlinghouse would likely step down as CEO to take on the role. “Yes, and I have a good idea who would take his place,” he replied, hinting at possible succession plans within Ripple. There is a real and growing possibility @bgarlinghouse will be chosen as Trump’s new Crypto Czar. — Sean McBride (@seanmcbride16) November 25, 2024 The timing of this speculation aligns with key developments at Ripple, including the resolution of its long-running legal battle with the U.S. Securities and Exchange Commission (SEC). McBride suggested that this timing might make Garlinghouse’s transition mutually beneficial. “I think the timing works for Brad and Ripple given some of the other things happening publicly and behind the scenes. Things winding down (finally) with the lawsuit, potentially gearing up for an IPO, potential M&A, launching new products, etc. The same could be said for staying. We will see what happens,” McBride elaborated. Other Candidate in Spotlight Another user questioned whether Christopher Giancarlo, a former Commodity Futures Trading Commission (CFTC) chairman, might be a more likely candidate for the role. McBride acknowledged the possibility, stating,…

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Filed under: News - @ November 25, 2024 8:23 pm