Ripple Co-founder Chris Larsen Endorses Kamala Harris, Criticizes Trump Deregulation Plans

Ripple Chris Larsen has endorsed Kamala Harris for the 2024 U.S. Presidential election, highlighting her balanced approach to technology and finance. This move contrasts with former President Donald Trump aggressive deregulation stance, signaling a strategic bet on Harris leadership to navigate regulatory challenges in the crypto space.

Chris Larsen Bet on Kamala Harris

Ripple Co-founder Chris Larsen has publicly endorsed Kamala Harris for the 2024 U.S. Presidential race, marking a significant move from one of the most influential figures in the blockchain industry. Larsen’s support was shared in a letter alongside other high-profile backers, including James Murdoch, ex-CEO of 21st Century Fox, and Aaron Levie, CEO of Box. This endorsement signifies growing support from the tech sector for Harris, driven by her focus on stable business practices, innovation, and fair regulation.

Larsen’s decision comes at a pivotal moment for Ripple, a company embroiled in regulatory battles with U.S. agencies, including the Securities and Exchange Commission (SEC). Ripple’s co-founder seems to view Harris as a candidate capable of creating a more predictable and fair regulatory environment for the crypto industry. In contrast, Donald Trump’s aggressive deregulation efforts are viewed by Larsen as a riskier path for the future of cryptocurrency.

Ripple CEO Supports Bipartisanship in Technology

Ripple CEO Brad Garlinghouse also emphasized the importance of bipartisan support for technology and innovation. “Technology should be bipartisan… I think we will see it become more so as the election continues,” Garlinghouse commented. While the Republican Party has warmed up to cryptocurrency, Garlinghouse noted that some Democrats are showing a deeper understanding of its potential.

Harris’s support for small businesses and private-sector investment has resonated within the crypto community, where clear and predictable policies are highly valued. Her balanced regulatory stance contrasts with Trump’s promises of sweeping deregulation and tax cuts, creating a divide in how the two candidates are perceived by the business sector.

A Strategic Signal for the Future of Crypto Regulation

Larsen’s endorsement signals more than personal preference; it reflects a calculated risk in a volatile market. Ripple’s ongoing regulatory challenges have made the company a central player in the conversation about cryptocurrency regulation in the U.S. Harris’s leadership may represent a path toward clearer, more favorable regulations for crypto businesses, which could make or break the industry’s future in the U.S.

As the election approaches, the stakes for cryptocurrency regulation continue to rise, and Ripple’s endorsement of Harris serves as a strategic move to protect the industry from further regulatory chaos.

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