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Crypto: Ripple's CEO Officially Supports Kamala Harris!

Sat 07 Sep 2024 ▪ 3 min read ▪ by Eddy S.
Learn Crypto regulation

88 business leaders signed a letter of support for Kamala Harris. Among them is Brad Garlinghouse, the CEO of Ripple. This signature has sparked strong reactions in the crypto ecosystem! Some investors now want to rid themselves of their XRP, which has dropped 2.78% in the last 24 hours.

Crypto Ripple XRP Kamala Harris

The CEO of Ripple officially marks his support for Kamala Harris!

Garlinghouse recently highlighted that Kamala Harris has a unique opportunity to reset crypto regulation policies in the United States, which could enhance the country’s competitiveness in this rapidly growing sector. He also mentioned that Harris understands the challenges and opportunities presented by blockchain technology, making her an ideal candidate to support innovation while ensuring balanced regulation. All of this could explain his signature on the letter of support for the Democratic candidate.

“We endorse Kamala Harris’s election to the presidency of the United States. Her election is the best way to support the continued strength, security, and reliability of our democracy and economy. With Kamala Harris in the White House, the business world can be sure there will be a president who wants American industries to prosper…” This is how the leaders of these 88 companies, including the CEO of Ripple, expressed their approval of Kamala Harris’s candidacy.

Crypto: Ripple (XRP) in free fall!

This signature was not well received by everyone. Some investors and supporters of Ripple (XRP) expressed their displeasure, fearing that this political stance could harm the company’s image and the value of its cryptocurrency. The XRP has dropped 2.78% in the last 24 hours and is currently trading around $0.43. This decline could deepen, amplified by Brad Garlinghouse’s recent letter of support for Kamala Harris.

Brad Garlinghouse’s support for Kamala Harris has provoked mixed reactions in the crypto industry. While some see this as an opportunity for more favorable regulation, others fear negative repercussions on the value of Ripple (XRP) and the entire cryptocurrency market.

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Eddy S. avatar
Eddy S.

Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.