Ripple Co-founder Endorses Harris for President in a Signed Letter

ipple Co-Founder Endorses Harris for 2024 Presidential Run

In a notable move within the 2024 U.S. presidential race, Chris Larsen, the co-founder and executive chairman of Ripple, has thrown his support behind Vice President Kamala Harris. Ripple, the firm responsible for the XRP cryptocurrency, is a key player in the digital finance world, and Larsen’s endorsement underscores the growing influence of the cryptocurrency industry in mainstream politics.

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According to a report from CNBC on 6 September, Larsen joined 87 other prominent business leaders in signing a letter endorsing Harris. Among those backing her candidacy are Aaron Levie, CEO and co-founder of Box, Yelp CEO Jeremy Stoppelman, Snap chairman Michael Lynton, and James Murdoch, the former CEO of 21st Century Fox. This collective show of support represents a diverse range of industries, with tech and finance figures prominently featured.

The endorsement also follows another notable shift in Harris' campaign: Gene Sperling, a former Ripple board member, recently departed his position at the White House to take up a role in her team. Sperling, who has served as an economic adviser under Presidents Clinton, Obama, and Biden, first joined Ripple’s board in 2015. His transition to Harris' campaign signals a growing alignment between high-profile cryptocurrency figures and political candidates.

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The ties between Harris’ team and the crypto sector do not stop with Sperling. David Plouffe, a former adviser to Binance and Alchemy Pay, has also joined Harris' campaign, further highlighting the increasing role of cryptocurrency professionals in shaping U.S. political dynamics.

Ripple CEO Highlights Election’s Impact on Crypto

In the broader context of the 2024 election, Ripple CEO Brad Garlinghouse has weighed in on the potential implications for the cryptocurrency industry. Garlinghouse has speculated that the outcome of the election may bring changes to regulatory leadership, including the potential departure of key figures like SEC Chair Gary Gensler. This comes as the cryptocurrency sector continues to face regulatory scrutiny, with policy direction being a major concern for industry leaders.

As the election draws closer, the involvement of influential cryptocurrency executives in political campaigns points to the rising significance of the sector in shaping national policy. With the future of regulatory frameworks in flux, the role of cryptocurrency in politics is becoming increasingly prominent, potentially affecting both the industry and broader financial markets in the years to come.

Source: coingabbar

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Writer @Elena

Elena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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