Ripple CEO asks Kamala Harris not to be anti-crypto

Bittime - Ripple CEO Brad Garlinghouse recently criticized anti-crypto comments made by Congressman Brad Sherman. Garlinghouse urged Vice President Kamala Harris to distance herself from those views. 

The Ripple executive warned that opposing cryptocurrencies is the same as opposing innovation, which actually benefits Republicans who support technological progress. He stressed the importance of the US being on par with other advanced economies with clear regulations.

Garlinghouse Criticizes Anti-Crypto Statement

Brad Garlinghouse, CEO of Ripple Labs, criticized the anti-crypto statements made by Congressman Brad Sherman (D-CA) and asked Vice President Kamala Harris not to be associated with those views. 

At a recent congressional hearing, Sherman mocked crypto by referring to the “Skibidi Toilet coin.” He suggested that the token with a market capitalization of $18,000 could surpass bitcoin in value if a movie was made about it. Sherman is known as a vocal critic of cryptocurrencies, believing that they threaten the US financial system and its global influence.

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Garlinghouse Statement on Social Media

Responding to Sherman's speech at the hearing, Garlinghouse wrote on social media platform X on Friday:

"It would be better for Vice President Harris not to listen to (and distance herself as quickly as possible from) people like this who spout nonsense."

The Ripple CEO warned that the Democratic Party is not gaining ground by opposing cryptocurrencies, which means opposing innovation. In contrast, Republicans gain more votes by promoting and supporting technological progress in the United States. He wrote in X: “Democrats don’t win votes by being anti-crypto (and thus anti-innovation), while Republicans win votes by embracing and encouraging innovation here in the US.”

The Importance of Clear Regulations

Garlinghouse emphasized the importance of the US aligning with other advanced economies and governments that have established clear and defined rules, stating:

"It's time to catch up with so many other leading economies and governments that have clear rules."

Responses and Opinions

Garlinghouse's views highlight the ongoing debate regarding cryptocurrency regulation in the US. Many believe that an anti-crypto stance could stifle innovation and benefit other countries that are more proactive in adopting this new technology. Meanwhile, supporters of stricter regulation argue that the move is necessary to protect consumers and financial stability.

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Conclusion

What do you think about Ripple CEO Brad Garlinghouse's urging for Vice President Kamala Harris to distance herself from those making unfounded claims about cryptocurrencies? Share your opinion in the comments section below.

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