Ripple CEO Brad Garlinghouse was in the spotlight this week, with recent reports indicating that he is likely to be appointed to Donald Trump’s crypto advisory board. However, as the reports sparked discussions on social media platforms, many have questioned his future role in Ripple, if he accepts the crypto advisor invitation. Clearing doubts, a renowned lawyer within the XRP community has shed light on the potential future of the CEO at the blockchain firm.
The New York Post recently reported that the competition for a position on Trump’s crypto advisory board is fierce. Industry leaders and major donors are eager to secure a spot on the council, which is expected to influence the US digital asset regulations for the next couple of years.
According to sources cited by NYNext, Ripple CEO Brad Garlinghouse met with Trump at Mar-a-Lago last month, further fueling speculation about his appointment. Other prominent figures, including Kraken’s former general counsel Marco Santori, Coinbase CEO Brian Armstrong, and Circle CEO Jeremy Allaire, are also being considered.
Meanwhile, crypto enthusiasts are closely watching Garlinghouse’s possible role in shaping the US crypto policies. Besides, his appointment could enhance Ripple’s influence in regulatory discussions and further legitimize the company’s position in the crypto space. Simultaneously, it has further triggered discussions over consideration of Ripple’s native crypto, XRP to be added to the US National Reserve asset list.
With reports of Brad Garlinghouse’s potential advisory role circulating, concerns arose about whether he would be required to step down as Ripple’s CEO. One XRP community member directly questioned pro-XRP lawyer Jeremy Hogan about the implications of such a move.
However, Jeremy Hogan dismissed the concerns, stating that the CEO’s departure would depend on his employment agreement. He added, “But Even if it did, I’m sure the Board would make an exception for this!” This statement suggests that the blockchain firm’s leadership would likely accommodate the CEO’s dual responsibilities if he accept the advisory position.
If Brad Garlinghouse joins the advisory council, Ripple could gain a stronger foothold in the US regulatory discussions. This could be a game-changer for the firm, especially amid the ongoing XRP lawsuit, which has gained notable traction from the market participants for long.
At the same time, Trump’s pro-crypto stance has sparked optimism among investors. With key industry figures in the council, the US may witness a shift towards more crypto-friendly policies. Besides, Garlinghouse recently lauded the Crypto Czar David Sacks’s crypto policy discussions development, calling it a “big deal” for the market.
Meanwhile, it could also boost XRP’s appeal in the market, especially amid the soaring rumors over the crypto being added to the US National Reserve alongside other cryptocurrencies. Notably, a recent XRP price analysis hints at a potential surge for the crypto to over $5 if Garlinghouse gets appointed for the role.
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