🔊🇺🇸Opinion: Harris gets support from Ripple co-founder, a shift in crypto political orientation?
Ripple's co-founder recently publicly expressed support for Kamala Harris, a statement that caused some surprise in the cryptocurrency community. After all, people may wonder why an executive of a major cryptocurrency company would choose to support Harris instead of Trump? There may be a deeper meaning behind this support!
One view is that as an industry leader, Ripple's founder does not want to see the entire cryptocurrency field too politically homogenous. For example, if all cryptocurrency companies and venture capital firms support Trump and he fails to be elected again, this may put pressure on the short-term performance of the cryptocurrency market. On the contrary, if a group of investors support Harris, and if Harris is elected, she may take a more moderate attitude and approach to the cryptocurrency sector.
As for the election results at the end of this year, the wisest choice for entrepreneurs is not to stand on the side. Because, whether Trump or Harris wins, it seems that everything is possible at present!
In addition, many cryptocurrency companies, including Coinbase, Ripple, A16Z, Gemini, etc., have donated to the Democratic Party organization, a super political action committee (PAC) that supports cryptocurrency. This organization is dedicated to promoting cryptocurrency-friendly candidates to win elections in the two major political parties. This also shows that cryptocurrency has become a very important issue in American politics.
Therefore, it can be foreseen that discussions and policy decisions about Bitcoin and other cryptocurrencies will become more and more critical and important in the future. I believe that as the cryptocurrency industry matures and its influence grows, its role on the American political stage will only become more and more prominent.
💬 What do you think of Ripple co-founder's public support for Harris? After understanding and analyzing the political stance of Ripple co-founder, will your investment strategy change? Leave your views in the comment area!
