Ripple 
$0.553274 CEO Brad Garlinghouse made a statement about the $ 10 million donation made by Chris Larsen, one of Ripple’s co-founders, to the campaign of Vice President Kamala Harris. While Garlinghouse appreciated Larsen’s decision, he noted that Ripple does not support any political party on crypto regulations.
Bipartisan Crypto Politics
Garlinghouse emphasized that regulation of the cryptocurrency industry should not be a political issue. He stated that both Democrats and Republicans need to recognize that blockchain technology and digital assets can help transform financial systems.
“We need to change this administration’s misguided war on crypto immediately,” Garlinghouse said, noting that Ripple will continue to work with both parties. This statement dovetails with legal processes that Ripple is pursuing to achieve better regulation in the United States under which crypto firms can operate without legal challenges.
Reactions to Chris Larsen’s Donation
While Chris Larsen’s financial contribution to Kamala Harris was appreciated by some, it received negative reactions in some crypto circles. Claims have been made that donations and support to politicians distract from the real problems of the people.
“Life isn’t just about crypto, Brad,” one user expressed concerns about healthcare and inequality. This view is consistent with the argument that the crypto industry’s lobbying is putting its own interests first, without considering the impact on society.
Crypto Regulatory Concerns
One of the biggest topics of discussion for Ripple and its executives is the regulatory environment in the US, specifically the role of the SEC. Brad Garlinghouse criticized SEC Chairman Gary Gensler’s heavy-handed stance, saying the commission’s failure to provide clear guidance stifles innovation.
At the same time, speculation arose that a change in SEC chairmanship could be made if Kamala Harris is elected president. Georgetown Law professor Chris Brummer and PCAOB President Erica Williams are among the candidates being considered to replace Gensler.
When talking about Ripple’s future strategy, Garlinghouse stated that the company will continue to engage with both political parties regardless of the election outcome.
“Party draws don’t matter; “It is important to support policies that encourage blockchain and crypto innovation.” -Garlinghouse.
Ripple’s impact on the crypto industry and how regulatory developments will shape the industry are being closely followed. The organization’s bipartisan strategy could determine the future of cryptocurrencies in America.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
