Ripple co-founder Chris Larsen’s donation of XRP to U.S. Vice President Kamala Harris has sparked concerns in the crypto community. This comes amid Ripple's ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC).

Donation Context

Chris Larsen, co-founder of Ripple, donated cryptocurrency XRP to the campaign of U.S. Vice President Kamala Harris. This has raised several questions in the crypto community regarding the potential impact of such a donation on the ongoing case between Ripple and the SEC.

Legal Expert Opinions

The SEC has previously stated that it does not consider XRP to be a security. However, questions are arising as to whether this donation could still affect the lawsuit. Some legal experts suggest that the conversion of XRP into fiat currency might require SEC oversight.

XRP Community Reaction

Pro-XRP lawyer Bill Morgan commented that the SEC has not made judgments regarding XRP donations, arguing these transactions do not equate to investment contracts. However, part of the community expresses concern, viewing Larsen’s contribution as a potential complicating factor for Ripple.

Chris Larsen's donation to Kamala Harris stirs discussions about its potential impact on the Ripple-SEC case. As experts debate possible repercussions, the crypto community continues to monitor the situation.