Ripple Co-Founder Chris Larsen Among 88 Exec Endorsing Kamala Harris

VP Kamala Harris receives endorsements from 88 business leaders including Ripple's Chris Larsen, James Murdoch, Lynn Forester de Rothschild.
By Varinder Singh
Updated September 7, 2024
XRP news: Ripple Chairman Chris Larsen Moves Another 18M XRP, What's Next?

Highlights

  • Kamala Harris has received endorsements from 88 current and former top executives.
  • Some include Ripple executive chairman Chris Larsen, James Murdoch of the Murdoch family media empire, and philanthropist Lynn Forrester de Rothschild.
  • Mark Cuban has been an avid supporter of the Democratic Party ad Harris.

Democratic Party presidential nominee Kamala Harris has received endorsements from 88 current and former top executives. Ripple executive chairman Chris Larsen, James Murdoch, the heir to the Murdoch family media empire, and philanthropist Lynn Forester de Rothschild are among current and former top executives who confirmed their support to Harris.

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Ripple Co-Founder Chris Larsen Backs Democratic Nominee Kamala Harris

After Ripple CEO Brad Garlinghouse’s support to Democratic presidential nominee Kamala Harris raised eyebrows in the crypto community. Previously, former Ripple’s board member Gene Sperling also left the White House to join Harris’ 2024 presidential campaign.

Eighty-eight current and former top executives and investors have endorsed Harris for president in a new letter, CNBC reported on September 5. Among these include high-profile CEOs of public companies, including Michael Lynton, chairman of Snap, Aaron Levie of Box, and Jeremy Stoppelman of Yelp.

This is the first time some executives such as Ripple co-founder Chris Larsen, James Murdoch, Forrester de Rothschild, and sports magnate Ted Leonsis have publicly endorsed Harris since she became the Democratic presidential nominee in July.

Some prominent people in Silicon Valley who continue to back Harris include venture capitalist Ron Conway, entrepreneur Mark Cuban, and former LinkedIn CEO Reid Hoffman.

Mark Cuban revealed that he talks 3-4 times a week with the Harris campaign and is confident about agreeing to the best approach to taxing the wealthy and other areas. He had lost hope in Donald Trump’s emergence as a pro-business presidential candidate.

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Reactions From Crypto Community and Prediction Markets

Ripple co-founder Chris Larsen came as a big surprise to the crypto and XRP community. Some even see it as a welcome move by Ripple despite Kamala Harris campaign not directly accepting crypto payments. Coinbase chief financial officer Alesia Haas revealed that the Future Forward PAC is accepting crypto donations for Harris’ campaign.

Polymarket data shows no change in odds from 53% for Donald Trump to win the elections, but Harris’ chance has dropped 1% to 45 today. Bettors continue to bet for Trump to become US president in elections in November.

Recently, Trump also took a lead over Harris in Arizona electoral votes, with 45.7% to 45.3% respectively. Polymarket also shows 64% bets in favor of Trump.

Donald Trump and Kamala Harris win odds
Source: Polymarket
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Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
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