Ripple co-founder endorses Harris for president: report

Nearly 90 corporate leaders, including Ripple co-founder Chris Larsen, have signed a letter supporting Kamala Harris’ candidacy for president.

The cryptocurrency landscape appears to be further divided in terms of political campaigns, with recent voices supporting Kamala Harris. According to a report by CNBC, 88 company leaders, including Ripple co-founder Chris Larsen, have publicly supported Kamala Harris for president in a new letter.

Other signatories include Yelp CEO Jeremy Stoppelman and Snap chairman Michael Lynton. The letter says electing Harris as president is “the best way to support the continued strength, security, and integrity of our democracy and economy.”

The support coincides with recent revelations that Harris’ campaign used Coinbase’s Commerce platform to accept crypto donations. Coinbase CFO Alesia Haas revealed the development during the Citi 2024 Global TMT Conference.

Coinbase has confirmed that Harris’ official super PAC, Future Forward, has integrated into its platform.

Crypto leaders’ support for Harris signals policy shift

The approval and Coinbase’s involvement come amid a broader shift in crypto lobbying efforts. Under President Joe Biden, the Democratic Party has adopted a generally cautious stance toward cryptocurrency, in contrast to the more positive view of Republicans.

Crypto leaders’ endorsement of Harris points to a possible shift in this dynamic. Advocacy group Crypto4Harris noted that while Harris has yet to publicly integrate crypto donations on her official fundraising site, her campaign’s actions could signal a growing openness to the digital asset sector.

The political turn comes as the Digital Chamber, a leading blockchain trade association, also called on Harris to adopt a more progressive stance on digital assets. The letter, sent in July, reflects a call for broader policy reform that embraces the potential of blockchain technology.

As the 2024 elections approach, the crypto community’s alignment with Harris could signal a transformative shift in regulatory attitudes toward digital assets and signal a potential departure from the previous administration’s policies.