Journalist
Posted:
Critics have long targeted the crypto markets, and scrutiny has intensified in recent years.
After all, in one interview with Bloomberg on February 20, Ripple’s [XRP] CEO, Brad Garlinghouse, spoke about politicians’ lack of understanding of the crypto space.
While addressing the ongoing research surrounding the crypto space, he suggested:
“I believe that there should be more clarity about the rules and regulations surrounding cryptocurrencies.”
Garlinghouse added,
“Politicians often make claims about digital currencies that lack factual support or evidence.”
Crypto Policy Shifts During the 2024 US Elections
Unlike previous US elections, voters in 2024 appear to be aligning their preferences with candidates who have positive views on cryptocurrencies.
The CEO said the same about this and added:
“Ahead of the upcoming 2024 US elections, Ripple has formed a super package to support pro-crypto candidates.”
The timing of these comments coincides with pro-XRP advocate John Deaton’s announcement about his Senate campaign running against Elizabeth Warren.
Warren’s recent unfavorable stance on virtual assets, coupled with a bill that threatens investments for countless crypto holders, has drawn significant criticism from the crypto community.
After analyzing such bottlenecks, Garlinghouse emphasizes:
“I think it is incredibly important that the US regains a leadership position in crypto regulation.”
Voters have a different game plan
In the United States, crypto voters with up to 1.9 million votes from crypto supporters are poised to make a significant impact in the upcoming elections.
Brad Garlinghouse commented:
“The vast, vast, vast majority of people in the crypto industry are good actors who want to play by the rules.”
A Forbes report shows that 1 in 5 Americans, a total of 52 million people, now own digital assets. So it is strategically advantageous to align with crypto-friendly policies to ensure victory.