The post $1 Million XRP Donation Fuels Kamala Harris Campaign appeared on BitcoinEthereumNews.com.

A million dollar worth of XRP has just been donated by the co-founder of Ripple, Chris Larsen. The benefactor? The US presidential candidate Kamala Harris, through her political committee Future Forward USA. This massive contribution reflects the growing influence that the crypto community is gaining in American politics as both parties move in for crypto endorsements.  The Influence Of The Crypto Community In Politics In an attempt to rally their support, Harris has made efforts to involve the crypto community by embracing the Crypto4Harris movement, while remaining somewhat silent on the cryptocurrencies. Crypto donations are growing as it is gaining acceptance and regularization, with heavy hitters such as Larsen utilizing their bank balances as a way of forming the debate and policy. 🚨SCOOP: @Ripple co-founder @chrislarsensf has made the first documented #crypto donation to @KamalaHarris. According to new FEC filings, Larsen donated $1 million in $XRP to one of the leading super PACs supporting Harris — Future Forward USA.@AppBreadcrumbs pic.twitter.com/XAYbUImpS5 — Eleanor Terrett (@EleanorTerrett) October 11, 2024 The donation could have some bigger implications as blockchain and crypto company’s hand and involvement in US politics are growing. The industry is largely calling for more favorable regulations for digital assets, particularly as the struggle over legal and regulatory battles has been building up in the United States. Larsen’s contributions and other future ones are likely about building alliances and gaining a seat at the table when shaping future crypto policy, not checks. XRP is currently trading at $0.53. Chart: TradingView Ripple Vs. SEC Larsen’s generosity develops following a recent legal dispute between Ripple and the United States Securities and Exchange Commission (SEC). The legal showdown erupted in 2020 over the consideration of whether XRP is a security. Even though their case has been ongoing, both sides have already filed appeals after…

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Filed under: News - @ October 13, 2024 4:36 am