In a post on X, Larsen – who donated $1 million in XRP to the pro-Harris Future Forward political action committee (PAC) in August – said he's donating a further $10 million in support of the Harris campaign.
Chris Larsen, co-founder and executive chair of Ripple, has donated $10 million worth of XRP to Vice President Kamala Harris’ election effort. Larsen announced the donation on X, revealing that he had also donated $1 million in XRP to the pro-Harris Future Forward political action committee (PAC) in August.
"It's time for the Democrats to have a new approach to tech innovation, including crypto," Larsen wrote in his message. "I believe @KamalaHarris will ensure that American technology dominates the world, which is why I'm donating $10M in XRP in support of her."
According to a report from CNBC, Larsen donated $9.9 million to Future Forward and $800,000 to the Harris Victory Fund. His donations have made him one of the crypto industry's biggest donors in the 2024 election campaign.
In response to Larsen's message, Brad Garlinghouse, CEO of Ripple, said on X that he "respects Chris' (and everyone's) right to support whomever they think is best to lead the US," adding:
"Ripple will continue to engage with both Democrats and Republicans in the final days of the campaigns (and after the election) to promote pro-crypto policies. It's not about party lines; it's about championing policies that drive blockchain and crypto innovation."
The crypto industry has donated around $190 million in political donations so far in the 2024 US election cycle, a massive rise compared to the 2020 election when $15 million was donated. Of the $190 million, over $130 million has been spent in congressional races.
Crypto super PAC Fairshake remains the largest in the election, raising over $202 million, according to Open Secrets, a research group that tracks money in US politics.
Former president Donald Trump has also received his fair share of crypto donations. In June, the Winklevoss twins sent the US candidate $2 million in Bitcoin, and in the same month, Jesse Powell, co-founder of crypto exchange Kraken, donated $1 million in Ethereum to Trump's campaign.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.