Ripple Co-Founder Chris Larsen Donates $1M XRP to Harris Campaign
Chris Larsen, Co-Founder and Executive Chairman of Ripple Labs, has made a significant $1 million donation in XRP cryptocurrency to Kamala Harris’s 2024 presidential campaign. This marks one of the most substantial public cryptocurrency donations to a US political figure, drawing attention from both the crypto and political sectors.
Larsen’s donation is part of a broader effort to support pro-crypto candidates. His backing aligns with Ripple’s long-standing push for blockchain-friendly legislation. The donation was made to a Super PAC supporting Harris, alongside endorsements from other influential business leaders. Larsen’s participation underscores the growing intersection between cryptocurrency and mainstream political campaigns.
Broader Industry Support
The Harris campaign has garnered attention from numerous business leaders, with 87 corporate executives publicly supporting her. Names like Jeremy Stoppelman (YelpCEO) and Aaron Levie (BoxCo-Founder and CEO) have joined Larsen in endorsing her vision. These business figures are rallying behind Harris for her commitment to economic stability and the rule of law, which they believe will provide a solid foundation for business growth and innovation, especially in emerging technologies like blockchain.
Chris Larsen donated XRP to the Democratic party.
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Ripple’s ongoing legal battle with the Securities and Exchange Commission (SEC) further contextualises Larsen’s actions. Ripple has recently secured a court victory affirming that its sales of XRP do not violate securities laws when sold to retail investors. However, the SEC has filed an appeal, intensifying the legal conflict. Amidst this uncertainty, Larsen’s contribution reflects his desire to foster a regulatory environment more favourable to crypto businesses.
Conclusion
Larsen’s substantial donation signifies a notable moment where cryptocurrency is actively entering political discourse, with candidates like Harris receiving both financial backing and industry support. As Ripple’s legal struggles with the SEC continue, the push for pro-crypto policies has never been more critical for figures like Larsen.
