Chris Larsen, co-founder of Ripple, has added his name to a distinguished list of business leaders endorsing Vice President Kamala Harris for the 2024 presidential election.
This endorsement highlights a trend among influential figures in the corporate world rallying behind Harris as she campaigns for the highest office.
Larsen’s support, detailed in a letter also signed by prominent figures like James Murdoch, ex-CEO of 21st Century Fox, and Aaron Levie of Box, underscores a shared belief in Harris’ approach to fostering innovation and ensuring stable business practices.
As a leading advocate for blockchain technology, Larsen’s endorsement reflects his trust in Harris’ ability to address key issues in technology and economic policy.
This endorsement comes amid growing political discourse on technology and regulation.
Ripple CEO Brad Garlinghouse has noted that while Republican candidates have recently expressed more support for cryptocurrencies, there is a notable recognition among Democrats of the sector’s importance.
He anticipates a shift towards a more bipartisan approach to technology policy as the election nears.
Wall Street firms are expected to keep expanding into crypto, despite growing competition and minimal correlation between Bitcoin and traditional indices like the S&P 500 and Nasdaq.
JPMorgan Chase CEO Jamie Dimon recently raised concerns about the U.S. economy, citing the potential impact of inflation and increasing deficits.
Circle, the company behind the USDC stablecoin, is optimistic about the mainstream adoption of stablecoins as a key component of digital finance.
Justin Sun, founder of Tron and a prominent figure in the cryptocurrency world, has voiced strong criticisms of Coinbase’s Bitcoin counterpart, cbBTC.