Ripple 
$0.519209Chris Larsen, co-founder of , believes there will be a significant regulatory shift in the cryptocurrency market. In a new interview with CNBC, Larsen said Senator Elizabeth Warren’s “really misguided war on crypto has ceded leadership in the industry to Singapore and other countries.” He also noted that these policies fail to protect American consumers from threats like FTX.
Legal Pressure on Cryptocurrencies
Larsen stated that current regulations cause the United States to not be among the leading countries in the field of crypto. He argued that Warren’s policies hindered the potential for innovation and growth in the industry. He stated that this situation makes it difficult for America to lead in crypto money and digital assets.
However, Larsen thinks a turning point in crypto regulations is approaching. He noted that he sees cross-party support for crypto, regardless of which party prevails in the presidential election.
“The good news now is that no matter which party wins the Presidency, we see the crypto war over.”
Donation and Support
Larsen donated approximately $12 million, largely in XRP, to Vice President Kamala Harris’ presidential campaign. Ripple’s chairman said he was excited by Harris’ economic message. He emphasized that Harris has adopted policies that support innovation and enable American companies to become world leaders.
“There is a message that promotes innovation and will enable American giants to dominate their industries around the world. “I’m pretty excited about this.”
Larsen expressed confidence that the Harris administration will take a different approach to crypto and digital assets than the unsuccessful policies of the Biden administration. Citing the Bay Area’s history as an innovation center, he stated that Harris has knowledge in this field.
Ripple’s executive says he believes cryptocurrency policy will change and America will benefit positively from this change. This change will foster innovation in the industry while protecting American consumers.
Ripple’s Chris Larsen’s predictions raise hopes for the future regulatory changes expected in the cryptocurrency market. Regaining the strong positions of American companies and supporting innovation can create significant opportunities for players in the industry.
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.
