Ripple CEO, Brad Garlinghouse might likely step up in Trump’s crypto team to be a crucial member. According to former Ripple executive Sean McBride, Garlinghouse might get appointed as Trump’s Czar in the future.
Though still rumors, these speculations come behind a positive background of crypto scape seeing changes post the US 2024 election results.
Former Ripple Executive Hints At Brad’s Appointment
In response to inquiries over the possible appointment, McBride offered his thoughts on X (previously Twitter). The former Ripple executive stated, “There is a real and growing possibility that Brad Garlinghouse will be chosen as Trump’s new Crypto Czar.”
Brad, being the CEO of Ripple, has been very opinionated about how the crypto markets need to function in the USA. The nomination, if happens, will likely see huge and significant changes being made in the industry.
However, if the appointment does take place, many are now wondering if Brad will have to resign as Ripple CEO to take up the new position.
It is likely that being a close member of Trump’s crypto initiative would mean keeping aside secondary roles, making it possible that Brad might have to leave Ripple to pursue other responsibilities.
Crypto World Sees Pro-Crypto Candidates Take Key Positions under Trump
The rumors around Ripple CEO’s new appointment as Trump’s crypto Czar come as the new forming government in the USA has already given key positions to pro-crypto candidates.
A previous positive development for the cryptocurrency community was when Donald Trump nominated pro-crypto Scott Bessent to lead the US Treasury Department, one of the most influential government agencies with extensive control over public debt, international finance, taxation, and sanctions.
Brad Garlinghouse had one of the most significant responses over this appointment when he said “It’s a perfect pick.”
Additionally, following the announcement of the US 2024 election results, Brad Garlinghouse made a hint that he had a meeting with Donald Trump. The USA “finally has a crypto president,” Garlinghouse said on Fox News, expressing his hope for the next legislature.
Out of all the developments, the most eye-catching announcement came when Gary Gensler, the chair of the SEC, declared his intention to step down on January 20, 2025. Even this news got a hilarious response from Garlinghouse.
In response to Gensler’s departure, the Ripple CEO said, “This Thanksgiving, I’m thankful for(The resignation of Gensler)
The comments are particularly intriguing in light of the more than four-year-old Ripple v. SEC controversy.