Ripple CEO Advises Kamala Harris on Crypto Stance Amid Election Campaign

• Brad Garlinghouse advises Kamala Harris to avoid anti-crypto politicians for 2024 success.
• Harris declined to speak at the Bitcoin Conference, sparking debates on her crypto stance.
• Crypto policies may influence voter preferences in the 2024 presidential elections.

Ripple Labs CEO Brad Garlinghouse recently addressed U.S. Vice President Kamala Harris regarding the attitude of certain lawmakers towards cryptocurrencies. In a statement triggered by a comment from U.S. Representative Brad Sherman, who mockingly referred to Bitcoin as “Skibidi,” Garlinghouse suggested that Harris distance herself from anti-crypto figures.

This advice comes from President Joe Biden’s endorsement of Harris for the Democratic nomination in the forthcoming presidential elections following his decision not to seek re-election.

It would behoove VP Harris to not listen to (and distance herself asap from) folks like this who spout utter nonsense.

The Dems aren’t winning any votes for being anti-crypto (and thus anti-innovation), while the Republicans are gaining votes for embracing and encouraging… https://t.co/x3DurB6dlx

— Brad Garlinghouse (@bgarlinghouse) July 26, 2024

The stance on cryptocurrency might play a significant role in the 2024 elections. Observers note that crypto-friendly policies could sway voters, particularly those involved in the burgeoning technology and finance sectors.

Historically, some Democrats have been critical of cryptocurrencies, which could influence the party’s appeal among crypto enthusiasts. Notably, figures like Senators Cynthia Lummis and Kirsten Gillibrand have been exceptions within the party, actively engaging with the crypto community.

Harris’s Position on Cryptocurrency

Despite Garlinghouse’s open-minded stance towards Harris, her recent actions have sown confusion about her position on cryptocurrency regulations. Harris declined an invitation to speak at the Bitcoin Conference in Nashville. This event could have been a platform for her to clarify her views to a significant segment of the tech community.

Given her Silicon Valley background, this decision was seen as particularly poignant, which could have been leveraged to address critical regulatory concerns in the crypto industry.

The intertwining of crypto policy and electoral politics is becoming increasingly evident. Former President Donald Trump, a Republican presidential nominee, highlighted Harris’s absence from the Bitcoin Conference, a move that some have interpreted as a strategic political play.

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