The post Ripple Co-Founder Backs Kamala Harris appeared on BitcoinEthereumNews.com.

Ripple Co-founder and Executive Chairman Chris Larsen has publicly endorsed Vice President Kamala Harris for the 2024 presidential election, joining a coalition of 88 corporate leaders who supported her candidacy in a letter released on Friday. This endorsement may underscore differing political views within Ripple’s leadership team. Ripple Co-Founder Becomes Latest Corporate Endorser for Kamala Harris Chris Larsen, Ripple Co-Founder and Executive Chairman, is one of 88 corporate leaders who have endorsed Vice President Kamala Harris for the U.S. presidency in a recent letter. Meanwhile, crypto firms have been actively participating in the current presidential election, with Ripple contributing significantly to the Fairshake PAC, which has amassed a $169 million fund. While Chris Larsen is among the endorsers, other notable CEOs from companies such as Yelp, Box, and Snapchat have also supported the letter, according to CNBC. Ripple and its CEO, Brad Garlinghouse, have directed their campaign contributions towards influential Democrats. Ripple’s financial support has primarily benefited pro-crypto PACs, including Fairshake, which advocates for crypto-friendly candidates from both major parties. Ripple Labs has significantly backed Fairshake, contributing approximately $48 million to influence the 2024 elections. Although the broader crypto industry has sought to navigate between the two major political parties, Ripple’s contributions have predominantly favored Republicans. For instance, Garlinghouse has personally donated $50,000 to a super-PAC aimed at bolstering the Republican Senate majority, as reported to the Federal Elections Commission.  This stance contrasts with the endorsement Larsen signed, which supports a Democratic administration under Kamala Harris. The letter emphasizes Harris’ dedication to fostering fair and consistent policies that support the rule of law, stability, and a conducive business environment. Ripple’s Legal Battle and Industry Support Shifts in 2024 Ripple is engaged in a lengthy legal dispute with the U.S. Securities and Exchange Commission (SEC), which alleges that the company violated…

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Filed under: News - @ September 7, 2024 12:02 pm