• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Chris Larsen of Ripple has allocated $350,000 for controversial projects

Chris Larsen of Ripple has allocated $350,000 for controversial projects

user avatar

by Max Nevskyi

2 years ago


Ripple's CEO, Chris Larsen, has donated $250,000 to a series of initiatives proposed by San Francisco Mayor London Breed, including proposals to expand the police's authority in the use of surveillance technologies and drones for tracking suspects.

As reported by the online publication San Francisco Standard (SFS), Chris Larsen currently holds the top spot in the list of donors, with his total contributions to support these initiatives exceeding $350,000. It should be noted that these proposals may be adopted through special direct votes.

Chris Larsen, the CEO of Ripple, allocated $250,000 to a pre-election committee that supports a more lenient approach to approving police requests for the use of surveillance technologies. According to the information, this will allow the police to freely use drones and facial recognition technologies for a year before regulatory authorities can conduct a thorough review.

Chris Larsen also made a $100,000 donation to support an initiative aimed at requiring potential recipients of social benefits suspected of drug addiction to undergo appropriate testing and, if necessary, enroll in rehabilitation programs to continue receiving financial support.

When it comes to people dying on the streets from fentanyl and other even stronger drugs, we need to address this somehow. We have to show compassion, but this year we have another record in the number of deaths. We just can't keep doing things the old way.Larsen said.

Official authorities have described these measures as punitive and believe that they harm people suffering from addiction. The initiative was rejected by regulatory agencies, but it remains popular among target voters.

Chris Larsen explained that he made these donations at the request of San Francisco Mayor London Breed. As for the initiative to increase the police force through additional taxes, Larsen called it “utter nonsense”.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

HTX Launches Second Round of SunPump Trading Competition with 10,000 USDT Prize

chest

HTX announces the second round of the SunPump Ecosystem Trading Competition with a prize pool of 10,000 USDT.

user avatarMaria Fernandez

Current BTC Perpetual Futures Market Shows Neutral Funding Rates

chest

Current funding rates across major cryptocurrency exchanges remain relatively neutral, supporting a balanced longshort ratio in the market.

user avatarDiego Alvarez

Exchange-Specific Variations in BTC LongShort Ratios Highlight Market Dynamics

chest

The latest 24-hour data reveals fascinating variations in BTC longshort ratios across major exchanges, highlighting different trading communities' interpretations of market conditions.

user avatarKenji Takahashi

MYX Finance Price Forecasts for 2026-2030.

chest

Market analysts project a promising future for MYX Finance, with price predictions influenced by various factors such as protocol development milestones and regulatory developments.

user avatarGustavo Mendoza

MYX Finance Emerges as a Key Player in Decentralized Derivatives

chest

MYX Finance is gaining traction in the decentralized finance sector with its innovative perpetual futures protocol.

user avatarRajesh Kumar

Key Drivers Influencing MATIC Price Through 2030

chest

Several interconnected factors will likely determine whether MATIC can achieve and sustain a 1 valuation in the coming years. Key drivers include Ethereum's development roadmap, broader cryptocurrency market cycles, and the success of network upgrades.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.