The post Ripple Co-Founder Larsen Boosts Kamala Harris’ Campaign with XRP appeared on BitcoinEthereumNews.com.

Ripple co-founder Chris Larsen has made a significant contribution to Vice President Kamala Harris’ election campaign, donating over $11 million in cryptocurrency. The donation, made in XRP, was sent to the Democratic super PAC, Future Forward. This move highlights the growing influence of digital currency in political fundraising, as federal records confirm the use of millions in crypto to support Harris’ efforts. Chris Larsen’s Massive XRP Donation to Kamala Harris’ Campaign   Ripple co-founder and Executive Chairman Chris Larsen announced that he contributed an additional $10 million in XRP to support Vice President Kamala Harris in her campaign against former President Donald Trump in the upcoming election. According to reports, Chris Larsen has emerged as the leading figure in the cryptocurrency world supporting Vice President Kamala Harris. In a post on X (formerly Twitter) on Monday, Larsen shared that he is contributing $10 million in XRP to the political action committee (PAC) Future Forward. He emphasized the need for the Democratic party to embrace a fresh approach to technological innovation, including cryptocurrency, and expressed his belief that Harris would “ensure American technology leads globally.” According to Federal Election Commission filings, Larsen had already donated $1,750,000 to the PAC previously and has also contributed substantial amounts to various Democratic congressional campaigns. While Larsen’s contributions are noteworthy, they are smaller in comparison to the broader involvement of the crypto industry in the 2024 election. The super PAC Fairshake, largely funded by Coinbase, Ripple Labs, and Andreessen Horowitz (a16z), has donated $169 million, positioning it as a major source of campaign funds. Fairshake has aimed to allocate its support evenly between the two major political parties, steering clear of endorsing a specific presidential candidate, even as other industry leaders have openly backed their favorites. Chris Larsen’s $10M XRP Donation: A Push for Crypto-Friendly…

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Filed under: News - @ October 22, 2024 12:25 pm