Ripple Co-founder Reaffirms Support for Harris Despite Dropping Polymarket Polls

Ripple co-founder Chris Larsen has once again expressed his support for US Vice President Kamala Harris. In a recent CNBC interview, Larsen said he was “really excited” about Harris’ economic message.

Ripple’s Chris Larsen has been the largest crypto donor to the Harris campaign. As ZyCrypto reported, Larsen has donated nearly $12 million to Harris in a bid to get her elected as US President.

Larsen stated that Harris would likely have a different approach to cryptocurrencies than the current US administration under President Joe Biden.

“I’m just really confident that this is going to be a completely different approach than – I’ll just say it – the failed policy that the Biden administration brought when it came to crypto and digital assets,” the Ripple co-founder added.

He further attributed the failed crypto regulations in the US to Massachusetts Senator Elizabeth Warren. According to him, the Biden administration outsourced crypto policies from Warren, known as anti-crypto.

Crypto war is over

Larsen further stated that the war on crypto was over, regardless of who won the US election. He attributed the crypto war to Senator Warren, adding that it was a “huge mistake.”

Despite his remarks, Ripple’s case with the US Securities and Exchange Commission (SEC) continues to drag on.

In a recent development, US District Court Judge Phyllis Hamilton acknowledged the receipt of a joint motion by the two parties to provide final judgment on the matter.

Judge Hamilton noted that the two parties had a chance to file for a voluntary dismissal of the case. Moreover, the parties held the right to waive any statute of limitations issues that might arise.

The Ripple vs. SEC case is entering its fifth year. The recent appeal by the SEC seeking to have the ruling on XRP secondary sales being non-securities reversed dealt a major blow to Ripple and consequently affected the performance of its native token, XRP.

XRP traded at $0.51 at press time after a 2.4% drop in 24 hours.

Harris loses Polymarket poll

The “Presidential Election Winner 2024” poll on Polymarket has amassed more than $2.7 billion in volumes. The poll is garnering much attention in the run-up to the US Presidential election.

At press time, former US President Donald Trump was leading with 64% of votes in his favor, while Harris was trailing with 35%. The Polymarket bet will close on November 5, the US election date.