{"id":8539,"date":"2025-02-14T18:06:36","date_gmt":"2025-02-14T17:06:36","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=8539"},"modified":"2025-02-14T18:06:36","modified_gmt":"2025-02-14T17:06:36","slug":"trump-contemplates-dissolving-crypto-advisory-group-amid-ripple-controversy","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/02\/14\/trump-contemplates-dissolving-crypto-advisory-group-amid-ripple-controversy\/","title":{"rendered":"Trump Contemplates Dissolving Crypto Advisory Group Amid Ripple Controversy"},"content":{"rendered":"

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The administration of US President Donald Trump may be setting aside plans for an official \u201cCrypto Council\u201d in favor of a series of informal gatherings with a rotating lineup of industry leaders. This adjustment, first reported<\/a> by Unchained Crypto on February 13, is believed to mirror both tactical policy considerations and a bid to ease escalating internal discord within the digital asset sector.<\/p>\n

Crypto Council Delayed, Summits Proposed<\/h2>\n

As per Unchained, three undisclosed sources knowledgeable about the administration\u2019s decision-making revealed that these anticipated summits would likely address various policy topics, spanning banking and payments to data centers and Bitcoin (BTC) mining.<\/p>\n

In a segment of its report, Unchained remarked: \u201cThe Trump administration may not proceed with a formal \u2018crypto council\u2019 after all. Instead, the White House is expected to convene a rotating assembly of crypto leaders for a series of \u2018summits\u2019 addressing specific crypto policy matters, according to three sources acquainted with the decision-making process.\u201d<\/p>\n

It remains ambiguous how many summits the White House is contemplating or precisely when they would occur. Two of the sources informed Unchained Crypto that industry trade associations have been providing input on possible formats and discussion themes.<\/p>\n

The emergence of these informal summits seemingly originates from Trump\u2019s team wishing to avoid power struggles within the expansive crypto ecosystem. Industry stakeholders have become increasingly fragmented into factions, comprising \u201cBitcoin maximalists,\u201d advocates of decentralized finance (DeFi), supporters of centralized exchanges, and others with contrasting perspectives on integration with traditional finance.<\/p>\n

Numerous individuals in the digital asset realm had previously anticipated the formation<\/a> of a \u201cPresidential Council of Advisers for Digital Assets (the \u2018Crypto Council\u2019).\u201d That anticipation was sparked by a December message from President Trump on Truth Social, where he outlined intentions for an advisory group \u201ccomposed of luminaries from the Crypto industry.\u201d<\/p>\n

Under the initial blueprint, Crypto and AI Czar David Sacks would act as chair, while former congressional candidate Bo Hines would serve as executive director<\/a>. While Hines has maintained a low profile since December, one unnamed source conveyed to Unchained that he has been engaging with lawmakers and lobbyists in Washington to evaluate options. According to this same source, the summits could be presented to the public as \u201ca no-brainer way to have America\u2019s brightest minds share insights on their fields of expertise.\u201d<\/p>\n

Not everyone interprets the shift as simply strategic. In Unchained\u2019s coverage, one unidentified individual expressed doubt: The summits might be \u201cpurely a way to sidestep conflict\u201d and could enable Trump to gather insider knowledge \u201che might use to profit personally.\u201d Another source described Trump\u2019s personal crypto ventures, including the TRUMP memecoin and his connection with World Liberty Financial, as \u201can embarrassment.\u201d<\/p>\n

Just last week, The New York Post unveiled several potential candidates for the Crypto Council within the Trump administration. Among those listed were former Kraken general counsel Marco Santori, Ripple co-founder Brad Garlinghouse, podcast host Frank Chaparro, Circle CEO Jeremy Allaire, Coinbase CEO Brian Armstrong, and Crypto.com CEO Kris Marszalek.<\/p>\n

Is Ripple Responsible?<\/h2>\n

Stirring further speculation, Andrew Parish (@AP_Abacus), founder of x3, shared what he claimed to be a statement from a supposed insider. Parish\u2019s post<\/a> on X read: \u201cShould be obvious at this point. And sources confirming late last night: \u2018Ripple pressed too hard, no chance XRP makes it into any fed level reserve,\u2019 and \u2018Focus remains on Bitcoin and best path to an SBR [\u2026] \u2018SBR isn\u2019t simple, will take time; have to avoid law of unintended consequences [\u2026] Trump is intelligent, trusts Bitcoin first thesis.\u2019\u201d<\/p>\n

These comments imply that Ripple\u2019s lobbying<\/a>\u2014or perceived overreach\u2014might be dissuading the Trump administration from granting Ripple a significant role in governmental discussions. However, Parish\u2019s statements are based on anonymous sources and lack verification.<\/p>\n

Prominent figures within the Bitcoin community have weighed in on the rumored events. Julian Fahrer, co-founder of Apollo, stated<\/a> via X: \u201cTrump is contemplating abandoning the Crypto Council. Not surprising. Consider Ripple\u2019s contribution thus far: \u2018Here\u2019s our plan for dumping XRP on the American people indefinitely.\u2019 Shocking that this brain trust isn\u2019t working out!\u201d<\/p>\n

Meanwhile, Steven Lubka, Head of Swan Private, also shared on X: \u201cRipple\u2019s posturing may have jeopardized the entire crypto council, leading Trump towards summits instead.\u201d<\/p>\n

At the time of publishing, XRP was trading at $2.54.<\/p>\n

XRP price, 4-hour chart | Source: XRPUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image created with DALL.E, chart from TradingView.com<\/p>\n<\/p><\/div>\n


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The administration of US President Donald Trump may be setting aside plans for an official \u201cCrypto Council\u201d in favor of a series of informal gatherings with a rotating lineup of industry leaders. This adjustment, first reported by Unchained Crypto on February 13, is believed to mirror both tactical policy considerations and a bid to ease<\/p>\n","protected":false},"author":3,"featured_media":8540,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[1290],"class_list":["post-8539","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-trump-may-scrap-crypto-council-insider-blames-ripple-gpt"],"yoast_head":"\nTrump Contemplates Dissolving Crypto Advisory Group Amid Ripple Controversy - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/02\/14\/trump-contemplates-dissolving-crypto-advisory-group-amid-ripple-controversy\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Contemplates Dissolving Crypto Advisory Group Amid Ripple Controversy - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"The administration of US President Donald Trump may be setting aside plans for an official \u201cCrypto Council\u201d in favor of a series of informal gatherings with a rotating lineup of industry leaders. 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