88 business leaders have signed a letter of support for Kamala Harris. Among them is Brad Garlinghouse, CEO of Ripple. This signature has sparked strong reactions in the crypto ecosystem! Some investors now want to get rid of their XRP, which is down 2.78% in the last 24 hours.
Ripple CEO officially endorses Kamala Harris!
Garlinghouse recently pointed out that Kamala Harris has a unique opportunity to reset crypto regulatory policies in the United States, which could strengthen the country’s competitiveness in this booming sector. He also mentioned that Harris understands the challenges and opportunities that blockchain technology presents, making her an ideal candidate to support innovation while ensuring balanced regulation. All of this could explain her signing on to the Democratic candidate’s letter of support.
“We endorse the election of Kamala Harris as President of the United States. Her election is the best way to support the continued strength, security, and reliability of our democracy and economy. With Kamala Harris in the White House, the business community can be confident that there will be a president who wants American industries to thrive…” This is how the leaders of these 88 companies, including the CEO of Ripple, expressed their approval of Kamala Harris’ candidacy.
Crypto: Ripple (XRP) in free fall!
This signing has not been well received by all. Some investors and supporters of Ripple (XRP) have expressed their displeasure, fearing that this political stance could harm the image of the company and the value of its crypto. XRP is down 2.78% in the last 24 hours, and is currently trading around $0.43. This decline could be accentuated, amplified by Brad Garlinghouse's recent signing of support for Kamala Harris.
Brad Garlinghouse’s endorsement of Kamala Harris has sparked mixed reactions in the crypto industry. While some see it as an opportunity for more favorable regulation, others fear the negative repercussions on the value of Ripple (XRP) and the entire cryptocurrency market.
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