Ripple co-founder Chris Larsen believes the regulatory landscape for crypto is about to change drastically. He thinks the “war on crypto” is coming to an end, no matter who wins the next election.
A Shift in the Winds
Larsen blames Senator Elizabeth Warren for the current state of crypto regulation in the US. He claims her aggressive stance on crypto pushed innovation overseas, giving countries like Singapore and the UK a lead in the industry. He also argues that Warren’s approach failed to protect American consumers from scams like the FTX collapse.
A New Era of Innovation?
Larsen is optimistic about the future, however. He sees bipartisan support for crypto from both Democrats and Republicans, and he’s particularly excited about Vice President Kamala Harris’s economic message. He believes her focus on innovation will lead to a more favorable regulatory environment for crypto in the US.
Harris’s Vision for Crypto
Larsen believes Harris understands the importance of innovation, having grown up in the Bay Area, the birthplace of many tech giants. He’s confident that her administration will take a different approach to crypto regulation, one that encourages growth and protects consumers.
Disclaimer: This information is for general knowledge and should not be considered investment advice.
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