Ripple co-founder Chris Larsen said he is confident Kamala Harris can serve as a key figure in rectifying what he views as a substantial crypto policy misstep from President Joe Biden’s administration.
In a CNBC interview published Tuesday, the exec voiced strong opinions on the current state of US crypto regulation, describing it as a “misguided war on crypto.”
This level of investment highlights the sector’s commitment to shaping policies amid regulatory uncertainty.
According to Public Citizen, the industry has invested more than $119m in political campaigns.
Larsen’s comments come as the crypto sector deepens its involvement in political funding to influence regulatory decisions.
“We’re really excited by her economic message,” he said. “It is a message now of pro innovation, and making sure that our American champions dominate their industries around the world.”
Larsen recently made a substantial XRP contribution worth $10m to support Harris’ campaign, establishing him as one of the foremost donors from the cryptocurrency sector during this election period.