Ripple Founder Chris Larsen Predicts Regulatory Sea Change, Says War on Crypto About To End One Way or Another

Ripple co-founder Chris Larsen thinks crypto is about to witness a regulatory “sea change.”

In a new interview with CNBC, the Ripple executive chairman argues that Senator Elizabeth Warren’s “really misguided war on crypto” ceded leadership in the sector to Singapore and the United Kingdom and failed to protect American consumers from threats like FTX.

Larsen, however, thinks the tides are turning.

“I think the good news now is that we see this sort of bipartisan support from whomever wins the White House, whether it is the Republicans or the Democrats, I think the war on crypto is over. And look, we want to encourage pro-digital asset political leaders.” 

Larsen has donated nearly $12 million (largely denominated in XRP) to Vice President Kamala Harris, the Democratic nominee for president.

The Ripple chairman says he’s “really excited” by Harris’ economic message.

“It is a message now of pro-innovation and making sure that our American champions dominate their industries around the world. So I’m excited about that. I think the Harris Administration – their DNA is from the world capital of innovation right here in the Bay Area. The place that’s created more trillion-dollar companies than any place on the planet – she gets that. She grew up here. She knows people who founded these companies.

So I’m just really confident that this is going to be a completely different approach than the failed policy the Biden Administration brought when it came to crypto and digital assets.” 

Generated Image: Midjourney