Ripple CEO Brad Garlinghouse Backs Kamala Harris’ Potential Crypto Stance

Ripple’s CEO, Brad Garlinghouse, advised the crypto community to avoid making assumptions about presidential candidates based on their political affiliations. He emphasized the importance of evaluating their policies first.

Kamala Harris and the Crypto debate

The upcoming U.S. presidential election has placed cryptocurrency issues at the forefront of campaign discussions. Vice President Kamala Harris, a presidential candidate, has faced increasing pressure from the crypto community to clarify her stance on digital assets. Ripple’s Brad Garlinghouse has maintained a neutral position on Harris, urging the crypto community to refrain from premature judgments without concrete policy proposals.

Garlinghouse responded to a post by Paradigm Policy Director Justin Slaughter on X, addressing the potential changes in crypto policies under the Biden administration. Slaughter suggested that Harris might dissolve Biden’s national security advisors, which sparked discussions within the crypto community. Garlinghouse highlighted Harris’ familiarity with Silicon Valley and her technical background as potential assets in addressing critical issues like crypto regulations.

Garlinghouse’s neutral stance on Harris

Garlinghouse noted his neutral stance because Harris might align with Senator Elizabeth Warren’s crypto-skeptic approach. Reports indicate that Harris’s advisory team has sought insights from pro-crypto billionaire and Shark Tank host Mark Cuban on regulatory and policy matters. Unlike Donald Trump, who has openly endorsed pro-Bitcoin policies, Harris has yet to clarify her position on digital assets. Cuban believes Harris would be more receptive to business, artificial intelligence, crypto, and innovative government services.

Despite indications that Harris could adopt a more favorable approach towards crypto, Gemini co-founder Cameron Winklevoss has criticized the current administration’s stance. On July 24th, Winklevoss posted on X, condemning the Biden-Harris administration for its stringent regulatory measures, which he claims are an attempt to stifle the crypto industry.

Winklevoss suggested several measures to support the crypto sector, including Gary Gensler’s dismissal, the end of Operation Choke Point 2.0 (designed to limit traditional financial institutions’ involvement with crypto), the launch of Operation Heimlich (to integrate the banking sector with crypto), and the halting of the SEC’s aggressive enforcement actions. He also recommended removing Senator Elizabeth Warren from crypto legislation efforts.

Trump’s Crypto Engagement

Former President Donald Trump is set to speak at the Bitcoin Conference 2024 in Nashville, Tennessee. Initially, discussions were held to include Kamala Harris in the conference. However, David Bailey, CEO of Bitcoin Conference and Bitcoin Magazine, announced that Harris would not attend or speak at the event, which is scheduled from July 25th to July 27th.

As the U.S. presidential election approaches, the crypto community remains focused on candidates’ potential policies regarding digital assets. While Brad Garlinghouse remains neutral towards Kamala Harris, the crypto community continues to seek clarity on her stance. Meanwhile, criticisms from figures like Cameron Winklevoss highlight ongoing concerns about the current administration’s regulatory approach to cryptocurrency.

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