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I just read that Garlinghouse from Ripple has been listed as a candidate for the new Crypto Advisory Council under Trump. This is quite significant — it means the cryptocurrency industry will have a real influence on shaping policy. I remember that under Biden, companies felt quite restricted by regulations, so this change represents a major opening for innovation in digital assets.
Interestingly, Garlinghouse has been fighting for clearer regulations for years, so his position on the council could really make a difference. The key issue is whether crypto is considered a commodity or a security — this is fundamental for who will oversee it (SEC or CFTC).
Other well-known industry leaders are also on the candidate list, suggesting the council will be quite serious. There are also rumors about potentially including XRP in national reserves, although nothing has been officially confirmed. If Ripple truly becomes a key player in the U.S. financial system, it would be a major turn of events for the entire industry.
Do you think Garlinghouse will actually change the approach to regulation? Or will it be more symbolic?