Kamala Harris
Ripple co-founder donates $1m in XRP to Kamala Harris
Published
5 hours agoon
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adminRipple co-founder Chris Larsen has made his first recorded cryptocurrency donation to Vice President Kamala Harris.
The donation, amounting to $1 million in XRP (XRP), was given to Future Forward USA, a political action committee supporting Harris in her presidential bid, according to Eleanor Terrett.
Larsen’s contribution follows his public endorsement of Harris in September. According to reports from CNBC, Larsen has now donated over $1.9 million to Harris’s campaign as she runs for president in the 2024 election.
This donation comes as Ripple continues its legal battle with the U.S. Securities and Exchange Commission.
The case began in 2020 and centers on classifying XRP as a security. Both Ripple and the SEC have filed appeals following the lawsuit that concluded in August.
Kamala Harris and crypto
Both political parties have been trying to appeal to the crypto community and its financial contributions during this election season. The support from crypto owners highlights the growing influence of digital assets in American politics.
Harris has been relatively silent about crypto, but her recent statements about encouraging technologies like AI and digital assets have stirred interest among crypto supporters.
Harris’s campaign team launched the Crypto4Harris initiative in early August to engage with the crypto community and counter Republican efforts to attract crypto voters. The campaign aims to develop a pro-crypto policy framework to mend Harris’s relationship with the crypto industry.
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Bitcoin
Trump Is Winning And We’re Closer Than Ever to Freeing Ross: NIKOLAUS
Published
2 days agoon
October 10, 2024By
adminWhat We’re Watching: Polymarket
According to the world’s largest prediction market, Polymarket, the pro-Bitcoin candidate for the upcoming presidential election, Donald Trump has taken a 13% lead over Kamala Harris.
There are huge stakes on the line here this election regarding Bitcoin. Trump is promising very favorable regulations, in comparison to Harris, who has put forth no regulations and has an almost four year track record of attacking the industry.
But I think Di makes a great point here. When it comes to Bitcoin, this election means something much more just favorable regulation. This is the best chance we have to free Ross Ulbricht, an early Bitcoin pioneer and founder of the Silk Road bitcoin marketplace.
Taking into account all public information regarding Harris, there is absolutely no evidence to suggest that she would support the Bitcoin industry, let alone free Ross.
Bitcoiners have been desperate to get Ross out of jail for as long as I can remember. Every conference I’ve attended for the last four years, this has always been a focal point. I’ll never forget sitting outside of the hotel of the BitBlockBoom conference in 2021 talking with Francis Pouliot, hearing him passionately speak about how badly he wanted to liberate Ross from prison. For many, getting Ross free could mean everything.
“I got out of the cell yesterday long enough to take a shower, call home and say “hi” to a few friends in here,” said Ross through his X account run by his fiancée today. “It felt really good to be out from between those 8x10ft walls and locked door and make contact with the free world.”
Ross has wrongly and harshly served over 12 years in prison. He is now forty years old, and will have plenty of time to live a great life with his fiancée, family, and friends, and pursue whatever ventures he may be interested in. It’s time to get him home. But to make this a reality, we still have to fight to win this election like we’re 13% down.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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24/7 Cryptocurrency News
Cardano Founder Lists Why Donald Trump Is Better
Published
4 days agoon
October 8, 2024By
adminSpeaking on the recent Crypto Com lawsuit against the US SEC, Cardano Founder Charles Hoskinson has used the new trend to promote Donald Trump over Kamala Harris. The Cardano innovator pointed to the US SEC’s contradictory regulation of the digital asset industry.
Crypto.com vs. SEC Case and How Donald Trump Can Help
Hoskinson’s statement came as a response to FOX Business journalist Eleanor Terrett’s post about Crypto.com suing the SEC.
The crypto exchange argued that the agency is overstepping its jurisdiction by regulating the crypto industry. Noteworthy, the regulator first went after Crypto.com by issuing it a Wells Notice. The regulator claimed that the assets traded on its platform qualifies as securities.
Before Charles Hoskinson highlighted it, the topic of the SEC’s contradictory regulation has surfaced severally amongst crypto players. Even in the SEC vs Coinbase case, there seem to be a contradiction with interpretation of the Howey Test. As a result, the American cryptocurrency exchange has reinforced its interlocutory appeal with the court on the matter.
Considering how much these crypto platforms desire a clearer regulatory framework, it is only natural that they tilt towards a pro-crypto leader. In his X post, Hoskinson sarcastically implied that another four years for Kamala Harris with Gensler as Chair “should definitely improve this situation.”
With plans to make him Treasury Secretary surfacing sometime, Hoskinson voiced the clear stance between Harris and Donald Trump. The Cardano founder said “team red seems the most all-in on crypto, since Trump has created his own crypto projects” making him a better fit.
This stance is quite evident in the volume of support that Trump is receiving over his DNC opponent. Polymarket bettors are favoring Trump and his wining odds are still leading at 52.4%. Similarly, crypto leaders are donating their assets to ensure the Republican presidential candidate sits in the White House again.
Fate of SEC Chair
During the Bitcoin Conference 2024 in Nashville, Donald Trump announced his plan to fire SEC Chair Gary Gensler on his first day in office. Although he was very particular about the US SEC criticism towards Bitcoin, Trump vowed to end the “anti-crypto crusade” of the agency. Also, he promised to halt the “persecution and weaponization” against digital assets.
As the reality of this possibility draws closer, conversations are beginning to take place about a potential replacement for the SEC chief. Several hands are pointing towards Robinhood CLO Dan Gallagher. A few entities have cited his previous role as an SEC Commissioner, his current postion in Robinhood and his legal expertise.
They believe Gallagher will be a good fit and could eventually take the crypto industry to greater heights, especially in terms of regulation.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Bitcoin
Analyst PlanB Unveils Potential Trigger for Next Bitcoin ‘Pump,’ Says Whales Waiting for Outcome of One Event
Published
6 days agoon
October 6, 2024By
adminPopular quant analyst PlanB says crypto whales are staying on the sidelines for now to await the results of a highly anticipated event.
In a video update, the pseudonymous analyst tells his 179,000 YouTube subscribers that he believes Bitcoin (BTC) is in a bull market despite its choppy price action over the last eight months.
PlanB says the catalyst for a fresh Bitcoin bull run is on the horizon as America gears up for its November presidential election.
“Bitcoin will find its trigger for the next pump. I have heard that many large buyers are just waiting for the US elections in November. And that makes sense because why run the risk if you can wait a couple of weeks and have total clarity and certainty.
And the risk obviously being a Democratic [Harris] win, which is bad for Bitcoin. So whales waiting for the US elections could very well be the reason for this eight-month sideways price movement.”
Last month, reports surfaced that Democratic Presidential candidate Kamala Harris vowed to support the crypto and artificial intelligence (AI) industries if she wins in the upcoming November election. Harris said crypto and AI will be part of her “opportunity economy” agenda.
But not everyone is convinced that Harris will abruptly change her party’s stance toward crypto after Democrats stifled the industry’s growth in the last four years through regulation by enforcement.
In August, Cardano (ADA) creator Charles Hoskinson warned that a Harris victory could be a death knell for the crypto industry in the US.
For now, PlanB says that Bitcoin has historically witnessed big upside bursts after prolonged periods of uncertainty.
“Bitcoin is 90% boring (yellow boxes).
All gain is in only 10% of the time (red arrows). Always after a halving. Coincidence? I don’t think so.”
At time of writing, Bitcoin is worth $61,975.
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