TL;DR

• Ripple co-founder Chris Larsen endorsed Kamala Harris, citing her pro-innovation stance and connections to the Bay Area tech scene.
• The US presidential candidate recently voiced support for a crypto regulatory framework aimed at protecting vulnerable groups but has yet to provide specific policy details.

‘Excited About Harris’ Economic Message’

The US presidential elections are less than a week away (scheduled for November 5), with Republican Donald Trump facing Democrat Kamala Harris. According to many industry participants, the former is the better choice for pro-crypto voters, considering his favorable stance toward the sector (shown over the past several months).

Trump also promised to fire the US SEC’s Chairman, Gary Gensler, if emerging victorious. The agency and its head have been at open war with many crypto companies, such as Ripple. It filed a lawsuit against the firm in December 2020, accusing it and some of its executives of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP.

The legal battle is ongoing, with the SEC recently appealing a 2023 verdict set by Judge Torres (which ruled that the company’s XRP sales to retail investors on crypto exchanges did not violate securities laws).

That said, it was a surprise that Ripple’s co-founder Chris Larsen publicly endorsed Trump’s opponent, Kamala Harris. He even donated $10 million worth of XRP to support her campaign. In a recent interview for CNBC, Larsen