On with Kara Swisher

The Crypto Founder Who Won a “Landmark Victory” Against the SEC

4 snips
Jul 17, 2023
Chris Larsen, the co-founder and Executive Chairman of Ripple, dives into current crypto dynamics following a pivotal legal win for Ripple. He discusses the nuanced ramifications of SEC regulations and the importance of timely oversight in the crypto sector. Larsen also opines on his hefty investments to address urban issues in San Francisco, emphasizing that while he’s passionate about community safety, he has no interest in running for office. The conversation touches on the resurgence of the cryptocurrency industry amid Hollywood strikes and broader societal challenges.
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INSIGHT

EFF's Privacy Focus

  • Chris Larsen believes the Electronic Frontier Foundation (EFF) obstructs solutions by prioritizing privacy above all else.
  • He suggests they are overly focused on fundraising through controversy.
ANECDOTE

Tech's Responsibility

  • Chris Larsen uses the analogy "if you're going to bring the poop, bring the scoop" to describe tech's impact on San Francisco.
  • He believes tech companies have a responsibility to address the problems they create.
INSIGHT

Wealthy Individuals' Negativity

  • Chris Larsen believes some wealthy individuals exploit San Francisco's problems for personal gain.
  • He criticizes their negativity and suggests it stems from insecurity.
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