Ripple co-founder Chris Larsen said he believes Harris can play a key role in correcting the Biden administration's major mistakes on cryptocurrency policy. In a CNBC interview published on Tuesday, Larsen offered a strong opinion on the current state of cryptocurrency regulation in the United States, describing it as a "misguided battle over cryptocurrencies". "We are very much in agreement with Harris's economic philosophy and the message now is to encourage innovation and ensure that our US champions are dominant in industries around the world," Mr. Larsen said. In addition, Larsen also sharply criticized Gary Gensler, chairperson of the Securities Exchange Commission (SEC), calling him "the worst government official in the country". He also pointed to the missed opportunity for the US to lead in blockchain technology. Ripple's founder has donated more than $11.80 million to the Harris campaign.