Ripple CEO Brad Garlinghouse may join the White House Crypto Council.
The firm predicts the crypto custody market will reach $100B by 2033.
Ripple highlights the need for scalable and compliant custody solutions.
Ripple CEO Brad Garlinghouse has emerged as the frontrunner to join the White House Crypto Council as an advisor, according to the New York Post. This potential appointment reflects Ripple’s growing prominence in US crypto policy discussions and could significantly shape the future regulatory landscape for digital assets. Notably, Garlinghouse grabbed the limelight after he met with Trump at Mar-a-Lago last month, fueling speculation about his possible future role in the new administration. Industry titans and major donors are locked in a tough battle for a seat on Donald Trump’s crypto advisory council.Source: JackTheRipplerBesides GarlingHouse, Kraken’s former general counsel Marco Santori, Circle’s Jeremy Allaire (who donated $1 million to the president’s inaugural committee), Coinbase’s Brian Armstrong, and Crypto.com’s Kris Marszalek are also among the contenders, sources added.While there are no particular criteria, sources hinted that emphasis will be given to real experience over people who merely showed “support for the new administration because they had FOMO.”President Trump established the board by executive order during his first week in office, to support innovation in digital assets and blockchain technology. These advisors will work alongside AI & Crypto Czar David Sacks, in developing national policy and creating a regulatory framework.The move comes at a time when regulated stablecoins like Ripple’s RLUSD, are gaining traction as a crucial component of the digital asset ecosystem. Proponents argue that such stablecoins can further bolster the US dollar’s dominance as the world’s reserve currency by providing efficient and accessible means of transacting in digital form.In related news, Ripple has unveiled its blueprint for the future of cryptocurrency custody. The firm predicts the custody market will explode from $41 billion in 2023 to over $100 billion by 2033, driven largely by the growth of digital assets. Ripple emphasizes that institutions require more than just safekeeping; they need scalable, compliant, and always-on solutions that seamlessly integrate with traditional finance.With tokenization projected to encompass over 10% of global assets by 2030, custodians must adapt rapidly, integrating with blockchains, managing high transaction volumes, and ensuring robust security. Ripple’s blueprint for success in this evolving market positions the company as a potential leader in the trillion-dollar custody revolution.
