Ripple co-founder Chris Larsen thinks crypto is about to witness a “sea change” in regulation.
In a new interview with CNBC, Ripple’s executive chairman argues that Senator Elizabeth Warren’s “truly misguided war on crypto” has ceded industry leadership to Singapore and the United Kingdom and failed to protect American consumers against threats like FTX.
However, Larsen thinks the tide is turning.
“I think the good news now is that we’re seeing this kind of bipartisan support from whoever wins the White House, whether it’s the Republicans or the Democrats, I think the war on crypto is over. And look, we want to encourage pro-digital assets political leaders.”
Larsen has donated nearly $12 million (largely denominated in XRP) to Vice President Kamala Harris, the Democratic candidate for president.
Ripple’s chairman says he is “very excited” about Harris’ economic message.
“It is now a message of pro-innovation and ensuring our American champions dominate their industries around the world. So I’m excited about that. I think the DNA of the Harris administration comes from the world capital of innovation here in the Bay Area. The place where more trillion-dollar companies have been created than anywhere else in the world – she understands that. She grew up here. She knows people who founded these companies.
So I am confident that this will be a very different approach than the failed policies that the Biden administration implemented when it came to crypto and digital assets.”
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