Nearly 90 business leaders, including Ripple co-founder Chris Larsen, have signed a letter endorsing Kamala Harris for president.
The crypto landscape seems more divided in terms of political campaigns, as the latest voices are being heard in support of Kamala Harris. According to a report by CNBC, 88 business leaders, including Ripple co-founder Chris Larsen, have publicly endorsed Kamala Harris for president in a new letter.
Other signatories include Yelp CEO Jeremy Stoppelman and Snap Chairman Michael Lynton. The letter states that “the best way to support the continued strength, security and reliability of our democracy and economy” is to elect Harris as president.
The approval coincides with recent revelations that Harris’ campaign is leveraging Coinbase’s Commerce platform to accept cryptocurrency donations. Coinbase CFO Alesia Haas revealed the development at Citi’s TMT 2024 Global Conference.
Coinbase has confirmed that Future Forward, Harris’ official super PAC, has integrated with its platform.
Cryptocurrency industry leaders’ support for Harris signals policy shift
Coinbase’s endorsement and involvement comes amid a broader shift in cryptocurrency lobbying efforts. Under President Joe Biden, the Democratic Party has generally taken a cautious stance on cryptocurrencies, in contrast to Republicans’ more favorable views.
Harris’ support from cryptocurrency industry leaders suggests a possible shift in that dynamic. The advocacy group Crypto4Harris noted that while Harris has yet to publicly incorporate cryptocurrency donations on her official fundraising website, her campaign’s actions could indicate a growing openness to the digital asset sector.
The policy shift comes as the Digital Chamber, a leading blockchain industry trade association, has also urged Harris to take a more progressive stance on digital assets. Their letter, sent in July, reflects a broader push to reform policies by harnessing the potential of blockchain technology.
As the 2024 election approaches, the crypto community’s alignment with Harris could signal a transformative shift in regulatory attitudes toward digital assets, marking a potential departure from the previous administration’s policies.
