Ripple Co-Founder Pledges $10m in XRP to Harris’ Campaign
The post Ripple Co-Founder Pledges $10m in XRP to Harris’ Campaign appeared on BitcoinEthereumNews.com.
The Ripple executive chairman confirmed that he is donating $10 million in XRP tokens to the Democratic candidate in response to the tweet announcing that Future Forward PAC has already raised over $100 million for Harris’ campaign. “It’s time for the Democrats to have a new approach to tech innovation, including crypto. 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,” Larsen posted on Twitter/X. Fellow Ripple co-founder and CEO Brad Garlinghouse reacted to Larsen’s announcement by clarifying that Ripple will continue to engage with both parties to lobby for favorable regulation for the crypto industry—an issue that ideally should rise above the party lines. This isn’t the first time Larsen has voiced his support for Kamala Harris. In August, Ripple’s co-founder made the first documented crypto donation of 1,754,815.29 XRP to Harris’ campaign. Larsen also signed a joint letter in support of the Democratic candidate alongside 87 other current and former US business leaders, who expressed confidence in the Harris administration’s ability to create an accommodating business environment for the US companies to win in the global market. The race between Vice President Kamala Harris and former President Donald Trump remains exceedingly tight, so both candidates are seeking support from single-issue voters that can potentially swing the election. The crypto vote seems in this context like a perfect group to court, as the industry has by its side both deep pockets of lobbyists and the ironclad community of retail investors. Donald Trump, who has billed himself as “The Crypto Candidate,” was the first to place his bet on the crypto voters, making lofty promises to the community. Among other things, the Republican nominee vowed to halt the development of CBDCs, fire SEC Chair Gary…
Filed under: News - @ October 23, 2024 11:24 pm