Ripple CEO Brad Garlinghouse has been at the center of discussions surrounding the rumored “Crypto Czar” position in the Donald Trump administration. Speculation about Garlinghouse’s role in shaping US cryptocurrency policy has intensified following comments from former Ripple CEO Sean McBride.
This comes amid notable turmoil in the cryptocurrency industry, including the transfer of 50 million XRP tokens worth more than $70 million between unknown wallets.
Brad Garlinghouse to be Donald Trump’s “Crypto Czar”?
The idea of a “Crypto Czar” position comes as the new Donald Trump administration considers creating a dedicated role to oversee cryptocurrency policy. Sean McBride has hinted at the possibility of Ripple CEO Brad Garlinghouse taking on the role. In a post on X (formerly Twitter), McBride wrote:
“The possibility of Brad Garlinghouse being named Trump’s new Crypto Czar is growing.”
McBride suggested that Garlinghouse could step down as CEO of Ripple if appointed. He also revealed that Ripple had been planning a leadership change for some time. The move would be in line with Ripple’s recent settlement with the SEC, paving the way for Garlinghouse to take on greater responsibilities.
Under Brad Garlinghouse’s leadership, Ripple has emerged as a leader in the blockchain and digital asset space. Ripple’s XRP token has also attracted renewed attention from investors. The company is now preparing for an IPO and expanding its services, laying the groundwork for future growth.
Read more: Tim Cook Reveals Investment in Bitcoin and Interest in NFTs
Ripple’s Timing May Influence Garlinghouse’s Decision
Garlinghouse’s potential move into a government role comes at a pivotal time for Ripple. With much of its long-running legal battle with the SEC resolved and a rumored IPO on the horizon, the company is in a strong position. Sean McBride, Ripple’s former CEO, commented:
“I think the timing is right for both Brad and Ripple, especially with what’s going on publicly and behind the scenes.”
Ripple is also currently focused on launching new products and exploring potential acquisitions, signaling a period of strong growth and transformation. If Garlinghouse leaves, Ripple is expected to have a smooth leadership transition plan in place, ensuring continuity and advancement in the rapidly changing blockchain space.
