A key executive at Ripple, the firm behind the XRP (XRP) cryptocurrency, is among multiple signers who have endorsed Vice President Kamala Harris for president.

Chris Larsen, co-founder and executive chairman at Ripple, has signed a letter to endorse Harris for president, CNBC reported on Sept. 6.

The report cited a letter signed by 88 corporate leaders in the United States and mentioned that other prominent signees included Aaron Levie, co-founder and CEO of the enterprise cloud company Box, Yelp CEO Jeremy Stoppelman, Snap chairman Michael Lynton, former 21st Century Fox CEO James Murdoch and others.

In early August, former Ripple board member Gene Sperling left the White House to join Kamala Harris’ 2024 presidential campaign.

Cointelegraph approached Ripple for a comment regarding the endorsement but did not receive a response at the time of publication.

Ex-Ripple board member has joined Harris campaign

The news comes shortly after former Ripple board member Gene Sperling left the White House to join Kamala Harris’ 2024 presidential campaign in early August.

Since joining Ripple’s board in 2015, Sperling has served as an economic adviser under Presidents Bill Clinton and Barack Obama. He also served in the Joe Biden administration starting in 2021.

Sperling is not the only adviser with a crypto background who moved to support Harris’ campaign. David Plouffe, a former adviser for Binance and the crypto payments provider Alchemy Pay, has also joined Harris’ presidential campaign, Politico reported on Aug. 2.

Gene Sperling (left) and former US Federal Reserve Chair Ben Bernanke at Ripple’s Swell Conference in 2017. Source: Forbes

Ripple CEO predicted that SEC Chair Gary Gensler would step down no matter who wins the election

With the US presidential vote looming in November, many experts anticipated that the election outcomes would significantly affect the crypto industry.

Ripple CEO Brad Garlinghouse reportedly predicted that key crypto regulators such as  US Securities and Exchange Commission Chair Gary Gensler will have to step down no matter who wins the election.

While the potential effects of the election on the crypto market are yet to be known, the crypto industry has apparently been a crucial tool for presidential candidates in the ongoing campaigns.

On Aug. 5, a spokesperson for the Harris campaign told Cointelegraph that the candidate could receive campaign donations in crypto through the Future Forward political action committee. US presidential candidate and former President Donald Trump has repeatedly reiterated his support for crypto, promising to “make America the world capital of crypto and Bitcoin.”

More industry executives show support for US presidential candidates

Ripple’s co-founder Larsen isn’t the only prominent crypto executive who showed support for a US presidential candidate

In June, ARK Invest CEO Cathie Wood — who is very bullish on Bitcoin in the long term — publicly shared her endorsement of Trump in the election, stating that she will vote for “who’s going to do the best job for our economy.”

Previously, Cameron and Tyler Winklevoss, co-founders of the crypto trading platform Gemini, pledged $1 million in BTC toward the reelection of Trump.

Winklevoss twins with Donald Trump. Source: Tyler Winklevoss