Chris Larsen, co-founder of Ripple 
$3, believes important regulatory changes are imminent in the cryptocurrency market. In a recent interview with CNBC, he stated that Senator Elizabeth Warren’s misguided war on crypto has shifted leadership in the sector to Singapore and other countries. He also pointed out that these policies have fallen short in protecting American consumers from threats like FTX.
Legal Pressure on Cryptocurrencies
Larsen expressed that the current regulations are preventing the U.S. from being a leading nation in the crypto space. He argued that Warren’s policies hinder innovation and growth potential in the industry. This situation, according to him, makes it challenging for America to maintain leadership in cryptocurrencies and digital assets.
However, Larsen believes a turning point in crypto regulations is approaching. He noted bipartisan support for crypto, regardless of which party wins the presidential elections.
“The good news is that we see the end of the crypto war, regardless of which party wins the presidency.”
Contributions and Support
Larsen highlighted that Vice President Kamala Harris received a significant donation of around 12 million dollars in XRP for her presidential campaign. The chairperson of Ripple expressed excitement about Harris’s economic message, emphasizing her adoption of policies that support innovation and ensure American companies can lead globally.
“There’s a message supporting innovation and allowing American giants to dominate worldwide industries. I’m quite excited about this.”
Larsen voiced his confidence that the Harris administration would adopt a different approach to cryptocurrencies and digital assets compared to the Biden administration’s failed policies. Referring to Bay Area’s history as an innovation hub, he noted Harris’s expertise in this field.
The Ripple executive believes that cryptocurrency policy will shift positively and that America will benefit from this change. This transformation is expected to protect American consumers while fostering innovation within the sector.
Chris Larsen’s insights enhance optimism regarding anticipated regulatory changes in the cryptocurrency market. The potential for American companies to regain strong positions and for innovation to be supported could create crucial opportunities for industry players.
