🌎 Ripple Co-Founder Donates $1M in XRP to Kamala Harris Campaign

Ripple co-founder Chris Larsen has made headlines with his first recorded cryptocurrency donation to Vice President Kamala Harris.

Donation Details

The donation, valued at $1 million in XRP, was directed to Future Forward USA, a political action committee supporting Harris’s presidential bid. This information was confirmed by a reliable source. Larsen’s contribution comes after his public endorsement of Harris in September. Reports indicate that Larsen has now contributed over $1.9 million to Harris’s 2024 presidential campaign.

Ripple’s Legal Challenges

This significant donation occurs as Ripple continues its legal battle with the U.S. Securities and Exchange Commission (SEC). The case, which began in 2020, revolves around the classification of XRP as a security. Both Ripple and the SEC have filed appeals following the lawsuit’s conclusion in August.

Political Implications

Both political parties are actively courting the crypto community and its financial contributions during this election season. The support from crypto owners underscores the increasing influence of digital assets in American politics.

Harris and Cryptocurrency

While Harris has been relatively quiet about cryptocurrency, her recent comments about encouraging technologies like AI and digital assets have caught the attention of crypto enthusiasts. Her campaign team launched the Crypto4Harris initiative in early August to engage with the crypto community and counter Republican efforts to attract crypto voters. This initiative aims to create a pro-crypto policy framework to strengthen Harris’s relationship with the crypto industry.