Kamala Harris and Potential Changes to Crypto Regulations in the United States

Bittime - Brad Garlinghouse, CEO of Ripple, said that US Vice President, Kamala Harris, has an important opportunity to change cryptocurrency regulations in the United States. Garlinghouse believes that Harris' experience in Silicon Valley could significantly influence crypto policy, considering that Harris is no stranger to the world of technology and innovation.

Warning Against Political Assumptions

In his view, Garlinghouse cautioned against making hasty judgments about candidates based solely on their political affiliations. He emphasized that this kind of assumption could hinder the progress of the crypto industry. “Coming to quick conclusions about candidates based solely on politics without looking at specific policies can be detrimental to the development of the industry,” explains Garlinghouse.

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The Challenge of Political Rhetoric

Garlinghouse also expressed concern that Harris would follow in the footsteps of rhetoric similar to that of Senator Elizabeth Warren, who has often been critical of cryptocurrencies. He believes that this can ignore the existing political complexities, especially in the context of regulations involving important figures such as Gary Gensler from the SEC. “If Harris adopts an approach similar to Elizabeth Warren, she may not be taking into account the political challenges she faces, especially regarding Gensler,” Garlinghouse said.

Response to Administrative Change

Garlinghouse's comments also responded to a post by Justin Slaughter, Policy Director at Paradigm, who said that Harris might make significant changes in the Biden administration. Slaughter noted that there is no guarantee that Biden's national security adviser will remain in Harris' administration, opening the possibility for a major reset in policy.

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Criticism of the Politicization of Cryptocurrencies

Garlinghouse criticized the politicization of cryptocurrencies taking place in the United States, emphasizing the need for a bipartisan approach and clear regulations. He highlighted the negative impact of partisan views on crypto innovation, as well as criticizing views that see cryptocurrencies as a means for illegal activities.

Ripple Supports Pro-Crypto Candidates

Ripple has also actively supported political campaigns in favor of the crypto industry, with donations to the Commonwealth Unity Fund and Fairshake. This support aims to strengthen the position of candidates who support the development of cryptocurrencies and against anti-crypto figures such as Senator Warren.

With the developing political situation, Garlinghouse hopes that Kamala Harris can use her position to support policies that better support technological innovation and competitiveness in the United States.

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