Ripple CEO Brad Garlinghouse wants United States Vice President Kamala Harris to be straightforward on crypto regulation. His comments follow a growing discussion concerning the administration’s digital currency policy and the VP’s withdrawal from Bitcoin Conference 2024.
Many crypto market fans hoped Harris will attend the meeting. They thought it showed her softening on digital currency. David Bailey, the CEO of the world’s biggest Bitcoin conference, disclosed that Harris has decided not to speak at the event.
Kamala Harris Under The Lens
In assessing presidential candidates, Garlinghouse has advocated a break from political bias. His comment followed the observations of Policy Director Justin Slaughter of Paradigm on the possible influence of US Vice President Kamala Harris should she run for president.
Jumping to conclusions and assumptions about candidates purely based on political affiliation without any policy proposals is holding the crypto industry back (similar to how tribalism has for years).
VP Harris is no stranger to Silicon Valley & has an incredible opportunity to… https://t.co/2kmKDZZXJe
— Brad Garlinghouse (@bgarlinghouse) July 24, 2024
Arguing that tribalism and political prejudice have hampered the growth of the crypto sector, Garlinghouse supports a focus on policy ideas instead of political ties.
The remarks of Garlinghouse capture the increasing attitude of crypto leaders who believe that political forces have dominated important policy debates.
“We have to evaluate candidates based on their policy pledges rather than only their party lines,” Garlinghouse said.
This point of view underscores the continuous discussion within the sector on how to negotiate the difficult political terrain that has been, of late, become more intertwined with cryptocurrency.
The Potential Impact Of Harris: A Two-Edged Sword
Slaughter’s most recent X post attracted notice for the major changes Kamala Harris would bring about should she be elected president.
Slaughter claims that Harris is ready to completely replace important national security positions, maybe firing present Biden’s political advisers. This suggested “reformat” has sparked questions over how it would affect US policy on important matters including regulation on Bitcoin and crypto as a whole.
Harris has been the nominee for about 12 hours & she’s already making clear core Biden national security advisors won’t be kept around for another term.
No one in the Biden Admin should be assumed to keep their jobs in a Harris Admin. Odds of a significant reset are growing. https://t.co/vigIDUccgI
— Justin Slaughter (@JBSDC) July 23, 2024
Garlinghouse’s reply to Slaughter’s evaluation exposes both hope and caution. Though he is concerned about Harris’s inclination towards a discourse like that of anti-crypto Senator Elizabeth Warren, he also notes Harris’ broad understanding of Silicon Valley.
Read More: Kamala Harris Finds Ally In Ripple CEO Brad Garlinghouse Amid Crypto