Chris Larsen Makes Major Donation to Support Kamala Harris

2 hours ago

Ripple co-founder and executive chairman Chris Larsen has donated $10 million to a Political Action Committee supporting Kamala Harris for her presidential bid.

Democrats' Support for the Crypto Industry

According to Larsen, it's time for Democrats to have a new policy regarding technological innovations, including cryptocurrencies. He believes Kamala Harris can ensure American technology leads the world.

It’s time for the Democrats to have a new approach to tech innovation, including crypto.Chris Larsen

Brad Garlinghouse's Reaction

Ripple CEO Brad Garlinghouse supported Larsen's decision, noting that his organization will engage with both US parties to promote pro-crypto policies. He emphasized the need for clear guidelines for blockchain and crypto development.

We need to immediately change course from this administration’s misguided war on crypto.Brad Garlinghouse

Comparison with Other PACs

Despite the substantial sum of Larsen's donation, it is overshadowed by other PACs such as Fairshake, which has raised over $169 million from major industry players. Supporters of other candidates include prominent figures like the Winklevoss twins and Jesse Powell.

Chris Larsen's donation to support Kamala Harris highlights the significance of cryptocurrencies in political campaigns and the importance of balancing party interests with blockchain technology development.

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