• 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

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”.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Standard Treasurys Merger Vote Delayed to July 2026

chest

The merger vote between Bitcoin Standard Treasurys and Cantor Equity Partners has been postponed to July 10, 2026.

user avatarTenzin Dorje

BNB Beacon Chain Migration Enters Phase 3 with Self-Service Recovery Tool

chest

The BNB Beacon Chain migration has progressed to Phase 3, introducing a self-service recovery tool for users with BEP2 and BEP8 tokens.

user avatarBayarjavkhlan Ganbaatar

Long-term Bitcoin Holders Begin Accumulation Amid Market Volatility

chest

Long-term Bitcoin holders are starting to accumulate despite recent price drops, indicating a potential shift in market dynamics.

user avatarMohamed Farouk

Bitcoin Rebounds After Hitting Two-Year Low

chest

Bitcoin experienced a rebound after hitting its lowest level since September 2024, influenced by soft US economic data and comments from the Federal Reserve chair.

user avatarElias Mukuru

Securitize to Begin Trading on NYSE Under Ticker SECZ

chest

Securitize's stock is expected to begin trading on the New York Stock Exchange under the ticker symbol SECZ, testing Wall Street's acceptance of tokenization.

user avatarDiego Alvarez

Yoroi Wallet Implements Strict Editorial Policy

chest

Yoroi Wallet has introduced a new editorial policy that focuses on accuracy, relevance, and impartiality to enhance the quality and trustworthiness of the information provided on its platform.

user avatarKenji Takahashi

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.