{"id":13146,"date":"2025-02-14T15:46:32","date_gmt":"2025-02-14T15:46:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13146"},"modified":"2025-02-14T15:46:32","modified_gmt":"2025-02-14T15:46:32","slug":"trump-may-swap-crypto-council-for-summits-insider-blames-ripple","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13146","title":{"rendered":"Trump May Swap Crypto Council For Summits \u2013 Insider Blames Ripple"},"content":{"rendered":"
\n

US President Donald Trump\u2019s administration may be shelving plans for a formal \u201cCrypto Council\u201d in favor of a series of informal summits featuring a rotating cast of industry leaders. The change, first reported<\/a> by Unchained Crypto on February 13, is thought to reflect both strategic policy considerations and an attempt to defuse growing internal tensions across the digital asset industry.<\/p>\n

Crypto Council On Ice, Summits In Play<\/h2>\n

According to Unchained, three anonymous sources familiar with the administration\u2019s decision-making process revealed that these proposed summits would likely tackle distinct policy issues, ranging from banking and payments to data centers and Bitcoin (BTC) mining.<\/p>\n

In a portion of its report, Unchained stated: \u201cThe Trump administration may not launch a formal \u2018crypto council\u2019 after all. Instead, the White House will likely gather a rotating group of crypto leaders for a series of \u2018summits\u2019 on specific crypto policy issues, according to three sources familiar with the decision-making process.\u201d<\/p>\n

It remains unclear how many summits the White House is considering or exactly when they would take place. Two of the sources told Unchained Crypto that industry trade associations have been weighing in on potential formats and discussion topics.<\/p>\n

The prospect of these ad hoc summits appears to stem from the Trump team\u2019s desire to steer clear of power struggles within the broad crypto ecosystem. Industry players have increasingly splintered into factions, including \u201cBitcoin maximalists,\u201d proponents of decentralized finance (DeFi), backers of centralized exchanges, and others with differing visions of integration with traditional finance.<\/p>\n

Many in the digital asset space had previously expected the launch<\/a> of a \u201cpresidential Council of Advisers for Digital Assets (the \u2018Crypto Council\u2019).\u201d That expectation was fueled by a December post from President Trump on Truth Social in which he described plans for an advisory group \u201ccomposed of luminaries from the Crypto industry.\u201d<\/p>\n

Under the initial proposal, Crypto and AI Czar David Sacks would serve as chair, and former congressional candidate Bo Hines would act as executive director<\/a>. While Hines has kept a low profile since December, one unnamed source told Unchained that he has been meeting with lawmakers and lobbyists in Washington to assess alternatives. According to this same source, the summits could be explained to the public as \u201ca no-brainer way to have America\u2019s brightest minds weigh in on their areas of expertise.\u201d<\/p>\n

Not everyone sees the pivot as a purely strategic move. In Unchained\u2019s coverage, one unnamed individual expressed skepticism: The summits might be \u201cpurely a way to avoid conflict\u201d and could allow Trump to gather insider information \u201che could use to make money for himself.\u201d Another source described Trump\u2019s personal crypto ventures, including the TRUMP memecoin and involvement in World Liberty Financial, as \u201can embarrassment.\u201d<\/p>\n

Just last week, The New York Post leaked several potential candidates for the Trump administration\u2019s Crypto Council. Among them 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 To Blame?<\/h2>\n

Fueling rumors further, Andrew Parish (@AP_Abacus), founder of x3, shared what he claimed was a statement from an alleged insider. Parish\u2019s posted<\/a> on X: \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,\u201d 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 smart, trusts Bitcoin first thesis.\u2019\u201d<\/p>\n

These remarks suggest that Ripple\u2019s lobbying<\/a>\u2014or perceived overreach\u2014might be pushing the Trump administration away from giving Ripple a prominent role in government-level discussions. However, Parish\u2019s posts are based on anonymous sources and remain unverified.<\/p>\n

Several prominent figures in the Bitcoin community have offered their take on the rumored developments. Julian Fahrer, co-founder of Apollo, stated<\/a> via X: \u201cTrump is considering abandoning the Crypto Council. Not surprising. Imagine what Ripple\u2019s contribution has been so far: \u2018Here\u2019s our plan for dumping XRP on the American people in perpetuity.\u2019 Shocking that this brain trust isn\u2019t working out!\u201d<\/p>\n

Meanwhile, Steven Lubka, Head of Swan Private, also posted on X: \u201cRipples posturing may have nuked the entire crypto council with Trump leading towards summits instead.\u201d<\/p>\n

At press time, XRP traded at $2.54.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

US President Donald Trump\u2019s administration may be shelving plans for a formal \u201cCrypto Council\u201d in favor of a series of informal summits featuring a rotating cast of industry leaders. The change, first reported by Unchained Crypto on February 13, is thought to reflect both strategic policy considerations and an attempt to defuse growing internal tensions […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13146","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13146"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13146\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}