Key Takeaways:
- Ripple co-founder Chris Larsen pledged $10M in XRP to a PAC supporting Kamala Harris’s 2024 presidential campaign.
- Larsen’s donation is one of the first major crypto contributions to Harris’s campaign, following a previous $1M donation in August.
- Crypto-related donations are gaining influence in U.S. politics, with PACs backing candidates from both parties as the 2024 election nears.
Ripple co-founder Chris Larsen has donated $10 million in XRP to Future Forward USA, a super PAC supporting Vice President Kamala Harris’s 2024 presidential campaign.
This follows a $1 million donation from Larsen in August, making it one of the first major cryptocurrency contributions to her campaign.
It's time for the Democrats to have a new approach to tech innovation, including crypto. I believe @KamalaHarris will ensure that American technology dominates the world, which is why I’m donating $10M in XRP in support of her. https://t.co/vb9KJA87JK
— Chris Larsen (@chrislarsensf) October 21, 2024
Future Forward has raised over $200 million to boost Harris in the race against Republican candidate Donald Trump.
While Trump has criticized Bitcoin, calling it a “scam”, he supports crypto miners and opposes central bank digital currencies.
Ripple CEO Brad Garlinghouse emphasized the company’s engagement with both parties on pro-crypto policies.
THIS IS INSANE!!! 🚨🫠
— Kyle Chassé / DD🐸 (@kyle_chasse) October 21, 2024
RIPPLE CO-FOUNDER CHRIS LARSEN JUST DONATED $10M WORTH OF $XRP TO KAMALA HARRIS…
WHAT IS GOING ON… pic.twitter.com/l6BbUcyIae
However, Larsen’s support for Harris has sparked criticism online, highlighting the divisive nature of cryptocurrency in U.S. politics.
Crypto-backed PACs have increasingly influenced political campaigns, with significant donations to candidates for the House, Senate, and presidency.
Larsen has previously supported Republican candidates, but recent polling suggests a close race between Harris and Trump as the 2024 election approaches.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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