• Chris Larsen donates $10M in XRP to Kamala Harris, strengthening crypto’s influence in U.S. politics.
  • Ripple’s Chris Larsen supports Kamala Harris with $10M XRP, focusing on tech innovation and crypto growth.
  • Crypto’s role in U.S. elections grows as Chris Larsen contributes $10M in XRP to Kamala Harris’s campaign.

Chris Larsen, Ripple’s co-founder, announced that he has contributed $10 million in XRP to Kamala Harris’ presidential campaign. This donation comes just two months after his earlier $1 million XRP donation to the same campaign. With the latest donation, his total contributions have surpassed $11 million. This makes him one of the largest individual donors in the current election season.

Ripple co-founder Chris Larsen said on Monday that he has donated another $10 million worth of XRP to support Vice President Kamala Harris's campaign for the US presidency. Previously, Larsen donated $1 million worth of XRP through the same organization in August.…

— Wu Blockchain (@WuBlockchain) October 22, 2024

Larsen stressed in his comments that he believes Harris can propel technology innovation in the United States. He noted that her leadership is critical for the United States to maintain its competitive advantage in emerging technologies, such as blockchain. 

Chris Backing Harris Over Trump

The reason Larsen chose to endorse Harris over Donald Trump is that he is of the opinion that Harris possesses a more comprehensive understanding of technology. He sees her as a candidate who can develop policies that promote growth in the technology and cryptocurrency sectors. 

Larsen emphasised that Trump’s proposals lack this focus. Instead, he feels Harris is better positioned to secure America’s continued leadership in technology.

Ripple’s Brad Garlinghouse Supports Larsen’s Move

Brad Garlinghouse, the CEO of Ripple, offered his opinions on Larsen’s donation. He emphasised the importance of urgent reforms to the current administration’s stance on cryptocurrency. Garlinghouse stated that Ripple is committed to engaging with both Democrats and Republicans to achieve crypto-friendly policies. 

I respect Chris’ (and everyone’s!) right to support whomever they think is best to lead the U.S.

We need to immediately change course from this administration’s misguided war on crypto.

Ripple will continue to engage with both Democrats and Republicans in the final days of…

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— Brad Garlinghouse (@bgarlinghouse) October 21, 2024

Garlinghouse’s comments reflect the growing concern regarding regulatory pressure. The current legal battle between Ripple and SEC highlights the need for clear regulations. Several people in the sector anticipate that a change in political leadership will result in a more favorable regulatory environment.

Crypto’s Expanding Role in Political Campaigns

The cryptocurrency sector has become increasingly influential in U.S. politics. The crypto business has reportedly contributed $190 million in total, accounting for almost half of corporate donations this election cycle. 

As the election approaches, it is evident that cryptocurrency is playing an increasing role in political financing. Chris Larsen’s contributions demonstrate the growing importance of cryptocurrency in shaping the future of US politics.

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