In a rather surprising move considering the current voter landscape, Ripple co-founder Chris Larsen announced that he is donating $10 million in XRP to the Kamala Harris campaign. With the US presidential elections nearing, the Democratic candidate is set to get a boost from Larsen as she seeks to overcome Donald Trump in her bid for the US presidency this year.
In a post to X (formerly Twitter), Larsen noted that the decision was made to ensure Democrats “have a new approach to tech innovation, including crypto.” Thereafter, Ripple CEO Brad Garlinghouse voiced his support for the decision. Specifically, he noted that the US must be immediately focused on pivoting from “the [current] administration’s misguided war on crypto.”
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Ripple’s Chris Larsen Announces $10 Million Donation to Harris Campaign
The 2024 US elections have seen cryptocurrencies dominate discussions unlike ever before. The emerging asset class has thrived this year. Therefore, the need for regulatory clarity has never been stronger. With that becoming a necessary aspect of US policies, the industry has become a vital battleground for candidates.
To this point, Donald Trump has emerged as increasingly pro-crypto. He has embraced the asset class in a way no candidate ever has. Throughout his campaign, he has advocated for its evolution within the United States. Yet, that hasn’t stopped some titans of the industry from speaking up for his opponents.
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That is what Ripple co-founder Chris Larsen has done, as he has announced his donation of $10 million in XRP to the Kamala Harris campaign. In his announcement, he noted the importance of technological innovation in the country. Moreover, he championed Harris’s potential in that regard.
“It’s time for the Democrats to have a new approach to tech innovation,” Larsen said. “I believe [Kamala Harris] will ensure that American technology dominates the world, which is why I’m donating $10M in XRP in support of her.”
To this point, Larsen has become one of the most ardent supporters of Harris. That is clearly shown in campaign donation records, where he has donated more than $11.8 million to PACs that support her candidacy. This latest effort only fortifies his commitment to her potential as US president.
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