Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris
The post Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris appeared on BitcoinEthereumNews.com.
The crypto money is coming in hard and fast ahead of next month’s election. The latest comes from Ripple’s co-founder and executive chairman, Chris Larsen, who said Monday that he has donated another $10 million in XRP, the seventh biggest digital asset by market cap, to support Vice President Kamala Harris’ campaign for U.S. president. Ripple confirmed to Decrypt that Larsen had made the personal donation, following his tweet on the matter. The New York Times reported Sunday that Larsen had donated $10 million to Future Forward, a prominent Democratic PAC, amid a record-setting fundraising quarter for the Harris campaign and associated organizations. Larsen tweeted a confirmation of the report, noting that the donation was made in XRP. “It’s time for the Democrats to have a new approach to tech innovation, including crypto,” he wrote, adding that he was sure Harris would “ensure that American technology dominates the world.” 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 Earlier this month, an FEC filing showed that Chris Larsen had donated 1,754,815.29 XRP, worth $1 million, to the same PAC back in August. A Ripple Labs representative confirmed to Decrypt that the latest $10 million personal donation to the PAC did not include the earlier batch of XRP. Larsen helped set up Ripple, a fintech company that wants to make it easier for businesses to move money across borders. He also co-founded XRP, the seventh biggest digital coin by market cap. The company and XRP operate independently, though Ripple utilizes XRP for its services. Ripple’s dealings with the government have typically been combative, and…
Filed under: News - @ October 22, 2024 11:21 pm