• 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

Key Level for Bitcoin at 58,900

chest

The level of 58,900 is crucial for Bitcoin's price movement, with potential implications for bulls and bears.

user avatarTenzin Dorje

Brazil's Gold Reserves Surge Amid Global Currency Shift

chest

In late 2025, Brazil's Central Bank purchased 428 tons of gold, raising its reserves to 1724 tons, reflecting a strategic shift to diversify international reserves amid economic uncertainties.

user avatarBayarjavkhlan Ganbaatar

Market Stabilization Observed as Long Positions Absorb Volatility

chest

Recent liquidation data indicates that long positions have absorbed the latest market volatility, leading to a more stable TRX structure.

user avatarRajesh Kumar

Erste Group Upgrades AMD to Buy, Stock Surges

chest

Erste Group Bank upgraded AMD from Hold to Buy, citing strong demand from the data center sector and improved profit margins.

user avatarElias Mukuru

AMD Reports Strong Q4 Results, Exceeds Expectations

chest

AMD reports strong Q4 results with earnings per share of 1.53 and revenue of 1.027 billion, exceeding expectations.

user avatarMohamed Farouk

Samsung Electronics Projects Historic Q1 2025 Operating Profit

chest

Samsung Electronics anticipates a significant surge in operating profit for Q1 2025, driven by memory semiconductor pricing growth.

user avatarDiego Alvarez

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.