Ripple CEO Brad Garlinghouse is requesting US Vice President Kamala Harris to provide a clear explanation of her position on crypto regulation in light of ongoing discussions over the government’s policies on digital currency.
This request comes in the wake of Harris’s decision to withdraw from the Bitcoin Conference 2024. Garlinghouse asserts that the rise of crypto has been impeded by tribalism and political bias, and he advocates for prioritizing policy ideas over political connections.
He proposes evaluating candidates based on their policy commitments rather than party affiliations, mirroring a prevailing feeling among cryptocurrency leaders who believe that political agendas have eclipsed essential policy discussions.
Slaughter’s latest publication on X emphasized the substantial transformations that Harris may potentially introduce as the elected president. It implied that she might revamp crucial national security posts, potentially leading to the replacement of current advisers within Biden’s administration.
The proposed revision prompts inquiries regarding its influence on US policy, particularly concerning the regulation of Bitcoin and crypto. Garlinghouse’s response to Slaughter’s rating demonstrates a combination of optimism and prudence, recognizing her extensive knowledge of Silicon Valley, which could be beneficial in tackling the legal obstacles encountered by the cryptocurrency industry.
A significant number of cryptocurrency enthusiasts are turning their attention to Republican candidate Donald Trump, as President Joe Biden’s administration receives backlash for its stringent enforcement measures.
Voters who perceive themselves as marginalized by existing restrictions find resonance in Trump’s pledges to implement favorable policies for the crypto sector.
The effect on crypto voters remains ambiguous as Harris’s candidacy advances, with the sector constantly monitoring legislative modifications that might either promote or impede innovation.
Recently, Kamala Harris repeatedly called Bitcoin “money for criminals” in private.
