Rumors have surfaced suggesting that Ripple CEO Brad Garlinghouse may be stepping down from his role to take on a position within the U.S. government. According to JackTheRippler, Garlinghouse is expected to join the White House Crypto Advisory Council this year.
This claim has triggered widespread discussions about what his departure could mean for Ripple and the broader cryptocurrency industry.
Former Ripple director Sean McBride has also weighed in on the speculation, stating that there is a “real and growing possibility” that Garlinghouse could be appointed as the U.S. government’s new “Crypto Czar.” McBride further indicated that Ripple has a succession plan should Garlinghouse leave his position at the company.
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Garlinghouse’s Alleged Move to Government Advisory Role
Garlinghouse’s resignation may be motivated by his involvement in creating a U.S. cryptocurrency policy, according to JackTheRippler’s tweet. Experts suggest he plans to regulate digital assets from his new position alongside governmental bodies.
After publication, the tweet received a fast spread of recognition because users wanted to know if his advisory role required a resignation. A crypto community member Alison believes that serving on an advisory council does not necessitate resigning from the CEO position.
JackTheRippler argued that the new position could transform Garlinghouse into a leader in future definitions of U.S. digital assets. Another crypto enthusiast, Indy, speculated that Garlinghouse may retain his shares in Ripple while using his new position to shape policies that could ultimately benefit the company and its investors.
McBride’s statements support this theory, demonstrating that a Garlinghouse departure will contain deliberate strategic motives.
Community Reactions to the Speculation
Crypto community members have analyzed the potential consequences stemming from this leadership transition. According to some stakeholders, Garlinghouse’s move could bring advantages to Ripple because his position in government gives him increased power to make decisions that affect regulatory policies in the company and throughout the industry.
Some crypto industry members worry about the unanticipated outcomes of his departure from the leadership position.
The speculation also raises questions about how Ripple would proceed without its longtime CEO. While the company has a leadership team, Garlinghouse has been instrumental in steering Ripple through legal battles and advocating for regulatory clarity.
What This Means for the XRP Lawsuit
Garlinghouse’s rumored departure could have significant implications for Ripple’s ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). The SEC has accused Garlinghouse and other Ripple executives of selling XRP as an unregistered security, a case that has major ramifications for the cryptocurrency industry.
If Garlinghouse were to take on a government advisory role, some analysts speculate that the SEC might reconsider its legal approach. His new position could create conflicts of interest or shift the regulatory landscape to benefit Ripple.
Others argue that the SEC will likely continue its legal battle regardless of leadership changes within Ripple. Ripple’s CEO Garlinghouse has consistently clarified that XRP does not amount to security.
If he holds public office, his influence on regulation may become apparent either by clarifying guidelines for crypto firms, including Ripple, or by failing to achieve such clarity.
As of now, neither Garlinghouse nor Ripple has confirmed the speculation. The crypto community remains watchful for developments that could impact Ripple’s leadership and the ongoing XRP lawsuit.
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