Ripple CEO Brad Garlinghouse has responded to a viral video featuring Elon Musk, the CEO of SpaceX and Tesla, mentioning XRP for the first time. During a town hall discussion in Pittsburgh, Musk was asked about the potential incorporation of the XRP Ledger (XRPL) into financial institutions, considering the SEC’s aggressive stance towards the digital asset. However, Musk’s response focused on cryptocurrencies in general, emphasizing their ability to protect against centralized control. He clarified that his comments were not an endorsement or lack of support for XRP. Despite this, his remarks generated excitement among XRP proponents.
The video gained significant attention within the XRP community, prompting Garlinghouse to reiterate that US voters are interested in crypto, particularly XRP. He emphasized the importance of favorable policies that promote innovation and job creation in the country, stating that political candidates who ignore the significance of crypto and blockchain risk losing support from an informed and growing voter base.
The upcoming presidential election holds great importance for crypto investors and stakeholders. They believe it is crucial to support a pro-crypto political candidate who will advocate for favorable regulations in the industry. Many view the current administration as displaying aggressive behavior towards crypto, leading them to believe that voting for Kamala Harris, the vice president of the current administration, would only prolong the challenges faced by the crypto asset industry. Harris has not clearly outlined her administration’s plans for clear industry regulation. On the other hand, Donald Trump has consistently expressed support for crypto and has gained the backing of influential crypto stakeholders, such as Gemini founders Tyler and Cameron Winklevoss. They each donated $1 million worth of Bitcoin (BTC) to his campaign.
While Harris has received endorsements from top crypto executives like Ripple co-founder Chris Larsen and Uphold co-founder J.P. Theriot, her intentions for the industry remain uncertain. Larsen recently announced a $10 million donation in XRP to support Harris, believing that she would help maintain American technology’s global dominance.
It’s important to note that this content is informative and should not be considered as financial advice. The opinions expressed in this article may be the author’s personal views and do not necessarily reflect those of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions, and The Crypto Basic is not responsible for any financial losses incurred.