Ripple CEO Brad Garlinghouse believes that U.S. Vice President Kamala Harris “has an incredible opportunity to provide a reset on critical issues for U.S. competitiveness (like crypto regulation).” He noted that she is no stranger to Silicon Valley. Moreover, he cautioned against making assumptions based on political affiliation, warning that it could hold the crypto industry back.
Ripple CEO on Kamala Harris and Political Affiliation
Brad Garlinghouse, CEO of Ripple, shared his perspective on Vice President Kamala Harris and crypto policy on social media platform X Wednesday.
Firstly, he cautioned, “Jumping to conclusions and assumptions about candidates purely based on political affiliation without any policy proposals is holding the crypto industry back (similar to how tribalism has for years),” adding:
VP Harris is no stranger to Silicon Valley & has an incredible opportunity to provide a reset on critical issues for U.S. competitiveness (like crypto regulation).
While noting that he remains open-minded, Garlinghouse cautioned that if Harris adopts Senator Elizabeth Warren’s rhetoric, she might underestimate the political complexities involving figures like U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler.
“I’ll keep an open mind for now – but also agree that if she uses the same Elizabeth Warren-like rhetoric, then she has miscalculated the political liability that is Gary Gensler,” the Ripple executive said.
Garlinghouse’s comments were in response to a post on X by Justin Slaughter, Policy Director at technology investment firm Paradigm. “Harris has been the nominee for about 12 hours & she’s already making clear core Biden national security advisors won’t be kept around for another term,” the policy expert said. “No one in the Biden admin should be assumed to keep their jobs in a Harris admin. Odds of a significant reset are growing.”
The Ripple CEO has criticized the politicization of cryptocurrency in the U.S., emphasizing the need for a bipartisan approach and clear regulations. He condemned the partisan divide in crypto innovation, specifically addressing Senator Warren’s view of cryptocurrencies as tools for illicit activities.
In addition, Ripple has significantly contributed to pro-crypto political campaigns, donating to the Commonwealth Unity Fund and Fairshake. These efforts aim to support candidates like John Deaton against anti-crypto figures such as Senator Warren.
Source: Bitcoin
