Two months away to 2024 U.S presidential election, the political scenery is seeing a rise in endorsements from key players in the crypto and blockchain industries. XRP Healthcare, a startup built on the XRP Ledger, has made headlines by publicly endorsing Republican candidate Donald Trump. The company took to social media platform X (formerly Twitter) to express its support, responding to one of Trump’s posts with the hashtag #Trump2024Vance. This marks a significant moment as more blockchain and Web3 organizations begin aligning themselves with political candidates.
Crypto’s Growing Role in U.S. Politics
The 2024 race has witnessed an increasing number of crypto-related endorsements as political figures vie for support from the fast-growing Web3 sector. Known to refer to himself as the “crypto president,” Donald Trump has positioned himself as a supporter of blockchain technologies. He has also received crypto donations from leaders in the Web3 space. After surviving an assassination attempt earlier in the campaign, Trump amassed further support from high-profile figures such as Elon Musk and Tron founder Justin Sun, solidifying his position within the crypto community.
On the other side of the political spectrum, Democratic candidate Kamala Harris, the current Vice President, has begun solidifying her stance on crypto, earning endorsements from notable individuals within the industry. Harris has recently received backing from Ripple’s Executive Chairman Chris Larsen, media heir James Murdoch, and philanthropist Lynn Forester de Rothschild. Her campaign has also received a boost from global pop sensation Taylor Swift, further shifting public sentiment and impacting prediction markets like Polymarket, which tracks election odds.
XRP Community Divided Over Endorsements
XRP Healthcare’s endorsement of Trump sparked discussions within the broader XRP and crypto community. Interestingly, Ripple CEO Brad Garlinghouse has voiced his support for Kamala Harris, drawing a contrast to XRP Healthcare’s stance. Garlinghouse’s endorsement of Harris has disappointed some within the industry, who anticipated that crypto insiders would rally behind a fully pro-crypto candidate like Trump. However, Garlinghouse emphasized the importance of regulatory clarity for the industry, stating that any candidate who can bring clear regulations would be a benefit to the entire crypto ecosystem.
This dision of support among top XRP-related companies reflects the broader political tension within the crypto industry, as stakeholders debate the best path forward for blockchain innovation and digital asset adoption in the U.S.
Crypto as a Central Campaign Issue
As the election draws near, both candidates have been using their platforms to make their case for why they are the right choice for America, especially in light of ongoing challenges such as the border crisis and economic concerns. Trump, through his platform Truth Social, reiterated his refusal to engage in another debate with Kamala Harris. He cited polls showing he had already won the previous debate, effectively ruling out any rematch between the two candidates.
Meanwhile, Harris continues to leverage endorsements from crypto and non-crypto figures alike, positioning herself as a balanced candidate ready to tackle issues beyond just the economy and technology. While the Democratic candidate has been slower to embrace crypto, her recent endorsements from influential voices like Ripple’s Chris Larsen indicate her growing appeal to the blockchain industry.
A Divided Crypto Community
The 2024 election will likely see more crypto insiders and organizations publicly declare their support as the political stakes rise. While Donald Trump has established himself as a strong ally of the crypto community, particularly with endorsements from Web3 giants and blockchain pioneers, Kamala Harris is rapidly gaining traction. As political campaigns intensify, it will be interesting to see how the crypto community, known for valuing decentralization and innovation, will ultimately align itself.
For XRP Healthcare, their endorsement of Donald Trump signals a clear preference for a candidate they believe will promote a favorable environment for blockchain technologies and healthcare innovations built on decentralized platforms.
As the election approaches, the crypto industry’s growing involvement in the political arena highlights the significant influence that digital assets and blockchain technology have come to wield. Whether the next U.S. president will deliver the regulatory clarity and pro-innovation policies the crypto world desires remains to be seen.
QUEEN WHALE
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