• 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

Bitcoin Whale Theory Sparks Speculation on 17th Anniversary

chest

On the 17th anniversary of Bitcoin, a mysterious wallet transfer involving 26,916 BTC has sparked wild speculation within the community.

user avatarMohamed Farouk

Harmattan AI Partners with Dassault Aviation to Boost European Defense

chest

Harmattan AI partners with Dassault Aviation to develop AI systems for next-gen Rafale aircraft and drones, enhancing European defense capabilities.

user avatarRajesh Kumar

Harmattan AI Secures $200M Series B Funding, Becomes Defense Unicorn

chest

French startup Harmattan AI has secured $200 million in Series B funding led by Dassault Aviation, achieving a valuation of $1.4 billion just one year after its founding.

user avatarGustavo Mendoza

EU Imposes Tariffs on Chinese Electric Vehicles

chest

The European Union has announced tariffs on battery electric vehicles from China, ranging from 17 to 353, due to concerns over unfair subsidies.

user avatarElias Mukuru

BitGo Holdings Announces Initial Public Offering

chest

BitGo Holdings has announced its IPO, filing with the SEC to offer 11 million shares of Class A common stock.

user avatarDiego Alvarez

Nvidia Shares Consolidate Amid Chinese Regulatory Uncertainty

chest

Nvidia shares are consolidating as Chinese authorities request a pause on new orders for H200 AI chips, indicating sensitivity to the situation.

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.