Ripple CTO Refers to Kamala Harris Pro-Crypto Policy Statement as Positive News

Ripple CTO David Schwartz expresses cautious optimism about US Vice President Kamala Harris’ marketing campaign guarantees to ascertain guidelines for crypto safety.

As a part of efforts to win the assist of black People, Harris, who’s vying to grow to be the forty seventh president of the US, introduced her assist for the black neighborhood. She revealed that her authorities will defend crypto by setting guidelines for the business.

In line with her marketing campaign, 20% of Black People have interacted with cryptocurrencies. The result’s that the sector should be protected.

XRP Fans React as Ripple CTO Views Harris Marketing campaign Promise as Optimistic Information

Harris’ crypto coverage statements sparked backlash from crypto fans, together with Ripple CTO David Schwartz. Curiously, Schwartz expressed cautious optimism about Harris’ assertion on crypto safety.

‘I believe that is excellent news’ Schwartz famous.

I believe that is excellent news. https://t.co/xXEN3MsyEI

— David “JoelKatz” Schwartz (@JoelKatz) October 14, 2024

Expectedly, his response didn’t go down effectively with XRP fans, who’re livid with the present administration for appointing Gary Gensler as SEC chairman.

Gensler has led the SEC’s enforcement actions towards a number of crypto entities, together with Ripple. Earlier this month, the SEC filed a discover to enchantment the Ripple resolution, doubtlessly extending the lawsuit’s decision till 2026.

Given this administration’s hostile therapy of crypto, many members of the XRP neighborhood imagine Harris is simply making empty guarantees in an try to sway crypto voters. They declare that Harris is not going to implement favorable crypto insurance policies if she turns into US president.

Higher than nothing

That is why an X-user requested Schwartz if he believed Harris’ promise relating to crypto coverage. In response, Ripple’s CTO emphasised that Harris’ assertion on crypto coverage is “higher than nothing.”

He acknowledged that step one ought to be adopted by extra particular steps. This implies that Schwartz expects the US vp to stipulate her coverage for the sector.

Harris attracts crypto assist regardless of her unclear insurance policies

Not like Donald Trump, Harris has been frugal along with her plans for the crypto sector. The US vp has not revealed how she plans to assist the business if she wins subsequent month’s presidential election.

Final month, Harris’ marketing campaign staff launched an 82-page doc detailing her financial plan for the US. Within the 82-page doc, she talked about digital belongings solely as soon as, suggesting the asset class isn’t an integral a part of her financial plan.

Nonetheless, she has acquired assist from key crypto stakeholders, together with Uphold co-founder JP Theriot and Ripple chairman Chris Larsen.

Curiously sufficient, Larsen backed his assist by donating $1 million value of XRP. As beforehand reported, Larsen donated the cash to a brilliant PAC supporting Harris’ presidential marketing campaign.