Ripple Co-Founder Donates $10M to Kamala Harris Campaign

As the 2024 presidential elections get closer, this donation could give Harris the extra boost she needs to take on former president Donald Trump.

Larsen, Co-founder & Executive Chairman of Ripple, made this announcement on X (formerly Twitter), explaining that he wants the Democratic party to take a fresh approach to tech innovation. Especially when it comes to crypto. He believes Harris is the candidate to lead the charge for a new way of thinking about technology in the U.S.

A Boost for Harris

Kamala Harris , the Democratic candidate, is looking for any edge she can get as the election heats up. The $10 million donation in XRP will help fund her campaign, giving her more resources to reach voters. Larsen’s donation could be the shot in the arm her campaign needs to hit the ground running.

Larsen’s contribution is more than just financial, though. It sends a clear message that the tech world, particularly those involved in cryptocurrency, is keeping a close eye on how the next president will handle innovation and regulation. With the crypto industry facing tough challenges from the current administration, Larsen sees Harris as someone who can bring fresh ideas to the table.

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

After Larsen’s announcement, Ripple CEO Brad Garlinghouse also voiced his support. He stressed that the U.S. needs to shift away from what he calls the current administration’s “misguided war on crypto.” Garlinghouse, like Larsen, believes that the future of technology—and crypto specifically—requires a leader who understands how important it is to support innovation rather than fight against it.

What This Means for the Election

With the election right around the corner, Larsen’s donation could be a game-changer. In the world of politics, money talks, and this hefty contribution shows just how important tech leaders believe the upcoming election is for the future of cryptocurrency.

🚨NEW: In the month of September, @Ripple co-founder @chrislarsensf gave three separate donations totaling nearly $10M to Future Forward, the super PAC supporting @KamalaHarris . The donations were in cash and made in addition to the $1M $XRP he donated to the PAC in August.… pic.twitter.com/i3gSg3ha5T

— Eleanor Terrett (@EleanorTerrett) October 21, 2024

As the saying goes, “Money doesn’t grow on trees,” but when it comes to elections, it sure can help. Harris now has more fuel in the tank to reach voters and push her platform, which could include policies that benefit the tech and crypto industries.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.