Ripple's Larsen Donates $1 Mln To Kamala Harris's Presidential Campaign

Ripple Chairman Chris Larsen has made headlines by donating 1754815.29 XRP worth around ($1 million) to Kamala Harris's presidential campaign.

Ripple Chairman Chris Larsen has donated 1754815.29 XRP, valued at around $1 million, to Kamala Harris's presidential campaign, making her the first candidate to receive a contribution in cryptocurrency, according to Federal Election Commission (FEC) disclosures.

Larsen, a co-founder of Ripple, has now donated more than $1.9 million to support Harris as she runs for president in the 2024 election.

The donation from Larsen, who is also a major donor to Democratic candidates and causes, comes as Harris has faced pressure from some cryptocurrency enthusiasts to embrace the issue more openly.

Harris has not yet clearly stated her views on cryptocurrencies, but her campaign has said that she is "interested in learning more about the potential benefits and risks" of the technology.

The donation from Larsen, who is a strong supporter of cryptocurrency regulation, could also help to raise Harris's profile among the crypto community.

Larsen's donation to Harris's campaign is the largest cryptocurrency contribution reported so far in the 2024 presidential race.

However, it is worth noting that Larsen's donation is still relatively small compared to the overall campaign contributions that Harris has received.

According to FEC data, Harris has raised more than $200 million for her presidential campaign, with the vast majority of that money coming from individual donors.

Larsen's donation is also dwarfed by the contributions that Harris has received from some super PACs, such as Future Forward USA, which has spent more than $100 million to support her campaign.

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