In addition to Larson, the letters of recommendation for Harris include signatures from some of the biggest names in tech.
As the U.S. presidential race heats up, Vice President Kamala Harris is getting significant support from prominent figures in the tech industry, including cryptocurrency executives.
According to a recent report by CNBC, 88 prominent Wall Street business leaders have officially endorsed Harris as the Democratic candidate for the upcoming election, citing a letter shared with the company. Among these notable supporters is Chris Larsen, co-founder of Ripple, a blockchain-based payments infrastructure company.
Ripple’s Forked Path
The endorsement, shared exclusively with CNBC, highlights the growing support Harris is receiving from influential corporate figures. Larsen’s endorsement is particularly notable because he is the first major cryptocurrency executive to publicly support Harris, despite her administration’s conflicting stance on the burgeoning digital economy.
On the other hand, Ripple CEO and co-founder Brad Garlinghouse has decided to remain neutral and not support either presidential candidate. Garlinghouse has focused on supporting pro-crypto candidates who advocate regulatory clarity and innovation-friendly policies. In December 2023, he urged crypto industry leaders to support candidates who are committed to advancing the digital asset market.
To that end, Garlinghouse has donated generously to Fairshake, a U.S. federal cryptocurrency-focused political action committee (PAC) that seeks to elect pro-crypto candidates. Since last year, Ripple and Garlinghouse have donated more than $50 million to the cause.
Ripple Expands Outside the U.S.
He expressed concern that the U.S. regulatory environment will continue to be unfavorable for cryptocurrency companies due to ongoing legal disputes and unclear rules.
Garlinghouse also urged founders to seek opportunities outside the U.S., pointing to a more favorable environment overseas. Ripple itself, he said, has expressed its intention to expand internationally and is eyeing jurisdictions that offer a clearer regulatory framework for cryptocurrency companies.
He also said Ripple is not interested in conducting an initial public offering (IPO) in the U.S. due to aggressive regulations in that region.
While Larsen and Garlinghouse may have different political approaches, their influence on the cryptocurrency industry remains significant. Larsen’s decision to support Harris underscores his belief in her ability to lead the country during a critical period of technological and economic change.
A prominent advocate across the technology spectrum
In addition to Larson, the letters of recommendation for Harris include signatures from some of the biggest names in tech.
Corporate executives including Box CEO Aaron Levy, Yelp CEO Jeremy Stoppelman and Snap President Michael Linton are among those who have expressed confidence in Harris’ leadership.
Other prominent supporters include former 21st Century Fox CEO James Murdoch and longtime Democratic donor John Doerr of Kleiner Perkins. These leaders share the belief that Harris is best positioned to support policies that promote economic stability and security in the United States.
In their letter, the signatories stressed the importance of electing a president who will continue to advocate for fair and predictable policies, uphold the rule of law, and create a stable business environment.
They believe that if elected president this November, she will continue to build on her long-standing commitment to “fair and predictable policies” that support the rule of law, stability and a sound business environment.
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Chimamanda is a crypto enthusiast and an experienced writer focused on the dynamic world of cryptocurrencies. She has been interested in emerging economies since joining the industry in 2019. She combines her passion for blockchain technology with her love of travel and food to bring a fresh and engaging perspective to her work.
