In a significant development for the crypto industry, Ripple co-founder and executive chairman Chris Larsen has publicly endorsed Democratic nominee Kamala Harris for president. Larsen’s endorsement is part of a letter signed by 88 corporate executives across the U.S., a surprising departure from the trend of many digital asset leaders who have voiced their support for Republican candidate Donald Trump. Trump has been widely seen as an advocate for cryptocurrency, while Harris has remained largely silent on the issue.
Corporate Leaders Rally Behind Harris
As the U.S. heads toward one of its most critical elections, the backing of these top executives could carry considerable weight. In addition to Larsen, the letter includes endorsements from other high-profile business leaders such as Box CEO Aaron Levie, Yelp CEO Jeremy Stoppelman, Snap chairman Michael Lynton, and former 21st Century Fox CEO James Murdoch. This broad support from corporate America signifies growing momentum for Harris’s campaign.
Ripple’s Shift Amid Crypto Industry Trends
Larsen’s endorsement stands out, given that many figures in the cryptocurrency space have supported Trump due to his pro-crypto stance. Trump’s policies have been viewed as favorable toward digital assets, while Harris’s approach to cryptocurrency remains largely unknown. This endorsement could indicate a broader shift in the industry as leaders weigh their political preferences on issues beyond cryptocurrency.
The three-page endorsement letter is a major step forward for Harris’s campaign, showcasing her backing from influential figures in finance and tech. With the election drawing near, the show of corporate support could play a key role in shaping public perception and potentially shifting poll numbers in her favor.
