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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.
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“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, “Could be, he’s on the list and made it clear he doesn’t want the SEC role.”
The reference to the SEC role highlights ongoing chatter about leadership changes within the agency. SEC Chair Gary Gensler recently announced he would be stepping down as chairman on January 20, coinciding with Trump’s return to the White House.
The appointment of a “Crypto Czar” would mark a significant milestone for the industry, underscoring the government’s intent to engage with blockchain technology and digital assets at a higher level. Moreover, Giancarlo or Garlinghouse, both vocal advocates for regulatory clarity in the crypto space, would bring extensive experience to such a role.