Ripple Co-Founder Chris Larsen Endorses Kamala Harris For President: CNBC

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Julia Smith

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Julia Smith

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Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

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Last updated:

September 6, 2024 15:55 EDT

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Ripple co-founder and executive chairman Chris Larsen signed a letter alongside eighty-eight corporate leaders on Friday, endorsing Democratic nominee Kamala Harris for the 2024 U.S. presidential election.

Chris Larsen Signs Presidential Election Endorsement

According to CNBC, other important signers of the endorsement include Yelp CEO Jeremy Stoppelman, Blackstone COO Tony James, billionaire athlete Magic Johnson, Snap chairman Michael Lynton, Facebook co-founder Dustin Moskovitz, Lazard CEO Peter Orszag, and Box CEO Aaron Levie.

The letter reportedly states that electing Harris is “the best way to support the continued strength, security and reliability of our democracy and economy.”

Furthermore, the corporate leaders argue that the former top prosecutor and current U.S. vice president would “continue to advance fair and predictable policies that support the rule of law, stability, and a sound business environment.”

Mark Cuban, billionaire and long-time crypto investor, was also one of the letter’s notable signatories.

The “Shark Tank” star has been vocally supportive of Harris’ plans to pursue the presidency. Most recently, Cuban took to X to praise her as “pro-business” following her acceptance speech at the Democratic National Convention in Chicago last month.

“Kamala Harris is not falling in line with Democratic Party Policies,” Cuban posted to X last month. “Kamala Harris is defining her own policies, and the Democratic Party is falling in line with her. She literally is redefining the party.”

“She is pro business,” Cuban continued in an additional post. “She is her own person. She is not an ideologue.”

Donald Trump Versus Kamala Harris

Harris is currently beating Republican nominee Donald Trump by an average of three percent in national polls. However, he leads in the decentralized prediction site Polymarket’s official election forecast by one point.

Harris has largely remained quiet about her stance on digital assets, though reports indicate she may take a softer policy approach to novel currencies than current U.S. President Joe Biden.

Trump, meanwhile, is openly promoting his family’s upcoming cryptocurrency platform, promising to make the U.S. “the crypto capital of the planet.”

“We will have regulations, but from now on, the rules will be written by the people who love your industry, not hate your industry,” Trump told audiences at the Bitcoin Conference 2024 in July.

Despite recent support from business leaders, it’s unclear whether undecided voters in the blockchain industry will back Harris.