$BTC Ripple CEO Brad Garlinghouse Shortlisted for U.S. Crypto Advisory Council

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Ripple CEO Brad Garlinghouse is reportedly shortlisted for a key position on President Donald Trump’s U.S. Crypto Advisory Council. The council, formed by executive order in Trump’s first week back in office, is expected to play a major role in shaping U.S. crypto policies and regulations.

U.S. Crypto Regulations

Under the Biden administration, many crypto firms felt burdened by unclear and strict regulations. Now, with Trump’s push for innovation in digital assets, the advisory council aims to bring industry leaders into discussions on the future of crypto in the U.S.

One of its biggest challenges will be determining whether cryptocurrencies should be classified as commodities or securities, a debate that directly affects regulatory oversight by the SEC or CFTC.