Another former Ripple board member, Gene Sperling, stepped down from the White House to join Kamala Harris‘ 2024 presidential campaign.
Chris Larsen, co-founder and executive chairman of Ripple, has joined other corporate leaders in endorsing Vice President Kamala Harris for the 2024 U.S. presidential election.
As reported by CNBC on Sept. 6, Larsen signed a letter of endorsement alongside 88 other business executives, including Aaron Levie, CEO of Box, Yelp CEO Jeremy Stoppelman, Snap chairman Michael Lynton, and former 21st Century Fox CEO James Murdoch.
This endorsement comes shortly after Gene Sperling, a former member of Ripple’s board, left the White House in August to support Harris’ campaign.
Sperling, who has advised Presidents Bill Clinton, Barack Obama, and Joe Biden, is not the only adviser with a crypto background involved in the campaign.
David Plouffe, a former adviser to Binance and Alchemy Pay, also joined the Harris campaign, as reported by Politico.
Ripple CEO Brad Garlinghouse has predicted that SEC Chair Gary Gensler may step down regardless of who wins the upcoming election, which could impact the crypto industry.
As the election approaches, the potential influence on the crypto market remains uncertain, but candidates use the industry to their advantage.
On Aug. 5, a spokesperson for the Harris campaign confirmed that crypto donations could be made through the Future Forward political action committee.
Meanwhile, former President Donald Trump has strongly supported cryptocurrency, pledging to “make America the world capital of crypto and Bitcoin” if re-elected.
Larsen is not the only crypto executive backing a candidate. ARK Invest CEO Cathie Wood, a vocal advocate of Bitcoin, endorsed Trump in June, stating she would vote for “who’s going to do the best job for our economy.”
In the past, Cameron and Tyler Winklevoss, co-founders of Gemini, donated $1 million in Bitcoin to support Trump’s re-election campaign.
