Ripple Co-Founder Fuels Kamala Harris’ Election Fund with $11M Donation
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Ripple co-founder Chris Larsen has donated an additional $10m in XRP to back Vice President Kamala Harris. This positions him as a top individual donor in the crypto industry for this election cycle.
His contribution is intended to boost Harris’s campaign as she faces off against former President Donald Trump in next month’s election.
While Larsen’s significant donation underscores his personal commitment, the broader crypto industry shows diverse political support. The industry has funneled over $200m into Fairshake, a super Political Action Committee that distributes funds across both major parties, reflecting its wide-ranging political alignment.
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
Federal Election Commission data shows Larsen previously donated $1.75m to the Democratic party-aligned PAC. He also contributed $1m to Pennsylvania’s Democratic Governor Josh Shapiro last December.
Larsen has earlier told CNBC about his confidence in Harris, saying she would bring a “more pragmatic approach and clear rules” to the crypto sector. This contrasts with SEC Chair Gary Gensler’s strict enforcement actions. Gensler’s stance, particularly against Ripple, has pushed many in the crypto sector to support Trump.
In January, Ripple CEO Brad Garlinghouse, who has made contributions to politicians from both parties, openly labeled SEC Chair Gary Gensler as a “political liability.”
“I respect Chris’
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