Ripple CEO Garlinghouse Stands up for Kamala Harris Amid Crypto Controversy
Brad Garlinghouse, the CEO of Ripple, has urged Vice President Kamala Harris to take a clear stance on crypto regulation. His comments come at a time of increasing debate over the current administration’s approach to digital currencies, as well as the Vice President’s reported absence from the upcoming Bitcoin Conference 2024.
Ripple CEO Stance
Garlinghouse post on his official X account and emphasized the importance of evaluating political candidates based on their policies rather than affiliations, urging the crypto community to keep an open mind about Vice President Harris. He noted that Harris, with her background in Silicon Valley, possesses a unique opportunity to address critical issues like crypto regulation but cautioned that adopting a stance similar to Senator Elizabeth Warren’s could lead to miscalculations regarding political liabilities and SEC Chairman Gary Gensler.
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Community Response
These comments are made against the backdrop of the Biden administration’s anti-crypto stance, which contrasts with former President Donald Trump’s pro-crypto position. Harris has faced criticism for her reported absence from the Bitcoin Conference 2024, leading to disappointment among the crypto community.
While Garlinghouse’s call for clarity and open-mindedness contrasts with the broader sentiment in the crypto industry, he believes that a clear and supportive stance on crypto regulation could enhance U.S. competitiveness. His comments underscore the industry’s need for policies that promote innovation and stability.
Garlinghouse’s open-minded approach has resonated with some investors, as he believes that making conclusions without clear policy proposals is hindering the crypto industry’s progress, similar to how “tribalism” has held it back for years.
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