Policy & Regulation

Voters Care About Crypto, XRP

Published

1 year ago

October 22, 2024

Ripple CEO Brad Garlinghouse just lately shared his ideas on elections and voter expectations, noting that voters are involved about crypto and Ripple’s native token, XRP.

In an X submit, Garlinghouse wrote: “Voters care about crypto – they care about XRP – it isn’t a distinct segment concern. They really need insurance policies that stimulate innovation and create jobs.”

Voters care about crypto – they care about XRP – it isn’t a distinct segment concern. They need actual insurance policies that stimulate innovation and create jobs.

Candidates who ignore crypto and blockchain danger a severe lack of assist from a rising, knowledgeable voter base. https://t.co/PfrjjyzCBn

— Brad Garlinghouse (@bgarlinghouse) October 21, 2024

His assertion was accompanied by a viral video during which a voter requested SpaceX and Tesla CEO Elon Musk about the way forward for XRP in gentle of the SEC’s latest crackdown on cryptocurrencies. Elon Musk sidestepped the quite particular point out of XRP, saying he neither endorses nor criticizes it. Nonetheless, he did say, “I believe crypto by its very nature helps particular person freedom.”

Garlinghouse additionally warned that candidates who ignore crypto and blockchain danger a severe lack of assist from a rising, knowledgeable voter base.

Crypto has grow to be the guts of a number of election campaigns this election season, and voters and the crypto trade are undoubtedly trying ahead to relaxed, crypto-friendly insurance policies from the subsequent administration. In consequence, each presidential candidates, Donald Trump and Harris, are leaving no stone unturned to fulfill this specific voter base.

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In relation to how crypto firms are attempting to earn the favor of the subsequent administration, Ripple is taking part in each side diplomatically. On one hand, co-founder Chris Larsen donated $10 million to the Harris marketing campaign and associated organizations, and one other balancing act got here from CTO David Schwartz, who just lately supported Trump in a lawsuit towards him.

Since early June, Trump has additionally raised about $7.5 million in cryptocurrencies, a lot of it from Ripple and different crypto firms.