In a significant political move, Chris Larsen, co-founder of Ripple, has joined 87 other corporate leaders in endorsing Vice President Kamala Harris for the presidency. This endorsement, revealed in a letter dated September 6, highlights a growing alignment between the crypto industry and Harris, despite her previously ambiguous stance on cryptocurrency. The letter emphasizes that electing Harris would bolster democracy and create a stable business environment, appealing to the interests of the tech and finance sectors.

The endorsement comes at a crucial time, just days before the first presidential debate, positioning Harris as a viable candidate amidst a competitive race against Donald Trump. Notable signatories include CEOs from major companies like Box and Yelp, reflecting a broad coalition of support from influential figures in the corporate world. The letter aims to showcase Harris's commitment to fair policies that would benefit American industries, signaling a strategic political maneuver as the election approaches. Interestingly, while many in the crypto community have historically favored Trump due to his pro-crypto policies, Larsen's endorsement indicates a shift in sentiment. With Ripple's substantial contributions to political action committees supporting pro-crypto candidates, this endorsement could pave the way for a more favorable regulatory environment for cryptocurrencies under a Harris administration, should she win the election.