The Ripple co-founder signed a letter endorsing Harris for president
A key executive at Ripple, the firm behind the XRP cryptocurrency, is among several signatories to a letter endorsing Vice President Kamala Harris for president.
Chris Larsen, co-founder and CEO of Ripple, signed a letter confirming Harris for the presidency, CNBC reported on September 6.
The report cited a letter signed by 88 corporate leaders in the United States and cited other prominent signatories; Among them are Aaron Levy, founder and CEO of enterprise cloud company Box, Yelp CEO Jeremy Stoppelman, Snap chairman Michael Linton, and former 21st Century Fox CEO James Murdoch, among others.
In early August, former Ripple board member Gene Sperling left the White House to join Kamala Harris' 2024 presidential campaign.
Cointelegraph reached out to Ripple for comment on the approval but did not receive a response at the time of publication.
A former Ripple board member has joined the Harris campaign.
The news comes shortly after former Ripple board member Gene Sperling left the White House in early August to join Kamala Harris' 2024 presidential campaign.
In the year After joining Ripple's board in 2015, Sperling has served as an economic advisor to Presidents Bill Clinton and Barack Obama and President Joe Biden since 2021.
Sperling is not the only adviser with a crypto background who has moved to support Harris' campaign. David Plouffe, a former advisor to Binance and crypto payment provider Alchemy Payments, has also joined Harris' presidential campaign, Politico reported on August 2.
Sperling (left) and former US Federal Reserve Chairman Ben Bernanke at Ripple's Swell conference in 2015. In 2017. Source: Forbes
Ripple CEO predicts SEC chairman Gary Gensler will step down regardless of election
As the US presidential election in November approaches, many experts predict that the outcome of the election will have a significant impact on the crypto industry.
Ripple CEO Brad Garlinghouse is said to have predicted that key crypto regulators such as US Securities and Exchange Commission Chairman Gary Gensler will step down regardless of who wins the election.
While the potential impact of the election on the crypto market is yet to be determined, the crypto industry has been a vital tool in the ongoing campaign of presidential candidates.
Related: Pro-XRP Advocate John Deaton Wins Republican US Senate Primary
In the year On August 5, a Harris campaign spokesperson told Cointelegraph that the candidate can accept campaign donations in crypto through the Future Forward political action committee. US presidential candidate and former president Donald Trump has reiterated his support for crypto to “make America the crypto and Bitcoin capital of the world.”
More industry executives show support for US presidential candidates
Ripple co-founder Larson isn't the only prominent crypto executive to show support for the US presidential candidate.
In June, ARK Invest CEO Cathy Wood — who has long been bullish on Bitcoin — publicly shared her support for Trump in the election, saying she would vote for “who will do the best job for our economy.”
Previously, Cameron and Tyler Winklevoss, co-founders of crypto trading platform Gemini, pledged $1 million in BTC to Trump's re-election campaign.
The Winklevoss twins with Donald Trump. Source: Tyler Winklevoss
Magazine: Tether in Taiwan for Treason, Eastern Crypto Exchange Resurgence: Asia Express
