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

3 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”.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Google Cloud's New Service Enhances Key Management Security

Google Cloud's new Multiparty Compute service aims to mitigate risks related to key management in digital asset custody by splitting signing authority among independent participants.

user avatarKofi Adjeman

Google Cloud Launches New Service for Digital Asset Custody

Google Cloud has launched a new Multiparty Compute service to enhance institutional digital asset custody, addressing custody risks and potentially lowering barriers for firms in the digital asset market.

user avatarNguyen Van Long

ACI Worldwide and Circle Launch USDC Settlement Pilot in Colombia

ACI Worldwide and Circle announced a collaboration to demonstrate USDC settlement integration into existing bank payment systems.

user avatarSatoshi Nakamura

Binance Wallets Drained in Major Security Breach

Wallets linked to Binance were drained of at least $55 billion, raising concerns about the security of decentralized exchanges.

user avatarJesper Sørensen

Decentralized Exchanges Facilitate Fund Swaps in Binance Hack

Decentralized exchanges like Uniswap and Aave are being used to swap frozen stablecoins for Ethereum following the Binance wallet draining incident, complicating recovery efforts.

user avatarRajesh Kumar

Bron Joins Hashgraph Association's Global Membership Program

Selfcustody platform Bron has joined the Hashgraph Association's Global Membership Program to enhance its connection with the Hedera ecosystem.

user avatarLucas Weissmann

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.