Ripple CEO Brad Garlinghouse advocates for a policy-focused approach to evaluating political candidates, especially in the upcoming U.S. Presidential election.
The Ripple CEO made this suggestion while reacting to comments from Paradigm’s Policy Director Justin Slaughter.
Paradigm Exec Highlights Immediate Changes Under Harris Nomination
In a recent X post, Slaughter spotlighted the immediate changes U.S. Vice President Kamala Harris implemented following her nomination as the Democratic Party’s presidential candidate.
According to Slaughter, Harris is already signaling that core national security advisors under the Biden administration may not continue their roles if she is elected president of the United States. He proposed that the Harris administration drop everyone under the current Biden administration for a robust reset.
Ripple CEO Kicks Against Hasty Assessment
Reacting, the Ripple CEO cautioned against making premature judgments on the basis of political affiliations instead of actual policy proposals. He asserted that this tendency and tribalism have continued to hinder the progress of the broader crypto industry.
Nonetheless, Garlinghouse expressed optimism about Harris’ familiarity with Silicon Valley, suggesting that she could be instrumental in addressing critical issues affecting U.S. competitiveness, specifically focusing on crypto regulation.
Furthermore, while the Ripple CEO expresses openness to Harris’ upcoming policies, he hinted at concerns about her potential adoption of a rhetorical style akin to that of anti-crypto senator Elizabeth Warren.
Ripple Exec Labels Gensler a Political Liability
Garlinghouse emphasized that if Harris’ approach mirrors that of Warren, then she has miscalculated the political liability that SEC Chair Gary Gensler is.
Jumping to conclusions and assumptions about candidates purely based on political affiliation without any policy proposals is holding the crypto industry back (similar to how tribalism has for years).
VP Harris is no stranger to Silicon Valley & has an incredible opportunity to… https://t.co/2kmKDZZXJe
— Brad Garlinghouse (@bgarlinghouse) July 24, 2024
It bears mentioning that crypto enthusiasts see figures like Warren and Gensler as detrimental to the industry’s progress. While Warren has been advocating for policies considered anti-crypto, Gensler has brought a series of enforcement actions against crypto-related companies.
Consequently, Ripple executives, including Garlinghouse, refer to Gensler as the political liability of the Biden administration.
How Crypto Voters Could Choose
Biden’s anti-crypto stance, led by Gensler, has negatively impacted Democrats’ image within the tech circle, with many suggesting that these stringent policies are capable of stifling innovation in the United States.
Prior to Harris’ nomination as Democratic presidential candidate, the majority of crypto voters had already thrown their weight behind Donald Trump of the Republican Party, who has promised unwavering support for the industry if elected president.
It is unclear how Harris’ nomination could influence crypto voters’ decisions in the upcoming election. However, most crypto enthusiasts will support any presidential candidate who could introduce the highly anticipated favorable regulations for the industry.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
