Ripple co-founder Chris Larsen has pledged $10 million in XRP to support Vice President Kamala Harris’s presidential campaign. This move has sparked discussion within the crypto community, given Larsen's history of Republican support.

Chris Larsen’s Donation to Harris Campaign

Chris Larsen announced a $10 million XRP donation to Kamala Harris's campaign through the Future Forward super PAC. Earlier this year, he also donated $10 million in cash and $1 million in XRP. Despite Ripple’s general Republican support, Larsen emphasizes the importance of bipartisan approaches to cryptocurrency policy.

Impact of Crypto Policies on 2024 Election

As the 2024 election approaches, crypto policies are essential for many voters. A survey shows that one in seven voters in the US considers candidates’ cryptocurrency positions as crucial. Democrats and Republicans alike expect elected officials to support the crypto industry.

Ripple’s Push for Favorable Regulatory Outcomes

Ripple continues its efforts in Washington to influence policy. Supporting political campaigns is part of their strategy to promote crypto-friendly policies. Brad Garlinghouse states that Ripple will engage with both parties to foster blockchain innovation.

Chris Larsen’s support for Kamala Harris’s campaign highlights the growing importance of crypto policies ahead of the 2024 election. Ripple continues its efforts to promote favorable regulatory outcomes, engaging actively with both political parties.