Chris Larsen, one of the co-founders of Ripple (XRP), has signed a letter in support of Kamala Harris. The executive chairman of the company behind the protocol of the same name is not the only member of the crypto ecosystem to have openly shown himself in favor of the candidacy of the current vice president of the United States in the upcoming presidential elections.
Ripple Co-Founder Chris Larsen Signs Letter in Support of Kamala Harris
This Friday, 88 business leaders signed a letter aimed at supporting Kamala Harristhe Democratic candidate for the US presidential elections scheduled for early November. Among the many signatories, we can note the presence of Micheal Lynton, president of Snap, the company behind the successful Snapchat application, or that by Chris Larsen, Ripple's Executive Chairman.
Ripple's co-founder isn't the only member of the company to openly support the current vice president of the United States. In fact, in early August, Ripple Board Member Gene Sperling Steps Down to Join Kamala Harris' Campaign.
💡 To learn more – Ripple (XRP), the technology company serving institutions
Within the latter, we also find David Plouffe who, like Gene Sperling, has significant experience in the world of cryptocurrencieshaving been a former advisor to Binance.
Ripple CEO Bred Garlinghouse has yet to comment on which candidate he would support in the upcoming election. According to him, heads of major market regulators such as the Securities and Exchange Commission (SEC) will be forced to resign regardless of who wins.
Earlier this year, Republican candidate Donald Trump had said he would work to remove Gary Genslerthe current chairman of the SEC. For her part, Kamala Harris has not mentioned anything about this subject, although a rumor suggested – wrongly – that Gary Gensler to be named Treasury Secretary if she were to win.
Buy crypto on eToro
Crypto ecosystem in turmoil as US presidential election outcome looms
As for Donald Trump, the former president of the United States can also count on several supporters. Thus, Cathie Wood, Ark Invest CEO said she appreciates Republican candidate's pro-crypto approach.
In the same way, twin brothers Cameron and Tyler Winklevossthe co-founders of the cryptocurrency exchange Gemini, are not shy about advocating for Donald Trump and have even pledged $1 million in Bitcoin (BTC) to fund his campaign.
👉 Also in the news – United States: A pro-crypto Texas bank pinned by the Federal Reserve
This week, Cryptocurrencies were one of the key topics of the election campaign. First of all, when the programs of the two main parties involved in the presidential race were published, which sparked a lot of reactions.
If that of the Republican Party included a sub-chapter dedicated to the crypto industry, that of the Democratic Party did not contain any mention of cryptocurrenciesThis has left doubts hanging over whether Kamala Harris has really changed her position on the matter.
In addition, Donald Trump took advantage of a speech he gave at the headquarters of the Economic Club of New York to reaffirm its support for the cryptocurrency industryconfirming his willingness to do from the United States, the world's leading cryptocurrency hub.
Cryptoast Research: Don't Spoil This Bull Run, Surround Yourself With Experts
Source: CNBC
The #1 Crypto Newsletter 🍞
Receive a daily crypto news recap by email 👌
What you need to know about affiliate links. This page may feature investment-related assets, products, or services. Some links in this article may be affiliate links. This means that if you purchase a product or sign up for a site from this article, our partner pays us a commission. This allows us to continue to provide you with original and useful content. There is no impact on you and you can even get a bonus for using our links.
Investing in cryptocurrencies is risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers must do their own research before taking any action and only invest within the limits of their financial capacities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with a high return potential implies a high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of these savings. Do not invest if you are not prepared to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
Surprised by the rise of crypto-assets in the late 2010s, I started to closely follow this sector that fascinates me to the highest degree. When I am not in football stadiums, rugby or handball halls, I work on writing relevant articles about cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
67 articles
