Ripple Co-Founder Chris Larsen Makes Significant Cryptocurrency Donation to Support Vice President Kamala Harris's 2024 Presidential Campaign
- Barbara StreisandOriginal
- 2024-10-13 06:12:211035browse
The contribution, totaling $1 million in XRP, was directed to Future Forward USA, a political action committee (PAC) backing Harris
Ripple co-founder Chris Larsen has donated $1 million in XRP to support Vice President Kamala Harris's 2024 presidential campaign, financial journalist Eleanor Terrett has reported. The contribution is being directed to Future Forward USA, a political action committee supporting Harris. This marks Larsen's first recorded crypto donation and adds to his previous endorsement of Harris, which he announced in September. According to CNBC, Larsen's total financial support for Harris's campaign now exceeds $1.9 million as she seeks the presidency in the upcoming election.
Larsen's involvement in the campaign comes as Ripple Labs is engaged in a prominent legal battle with the U.S. Securities and Exchange Commission over whether XRP should be classified as a security. Both Ripple and the SEC have filed appeals following a ruling in August, and the proceedings remain active.
The donation highlights the increasing political influence of cryptocurrency and blockchain stakeholders, a trend observed across both major U.S. political parties. As digital assets gain prominence in the financial sector, the 2024 election cycle is seeing an unprecedented level of interest from crypto investors and advocates.
While Kamala Harris has not made extensive public statements about cryptocurrency, her campaign has recently sought to engage with the crypto community. In early August, her team launched the "Crypto4Harris" initiative, which aims to foster dialogue with digital asset owners and develop a policy framework that supports the growing sector. This move is largely seen as a counter to Republican efforts to court the crypto vote, positioning Harris as a potential ally of the industry as regulatory conversations intensify.
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