Ripple co-founder Chris Larsen has donated $1 million in XRP towards Kamala Harris' 2024 presidential campaign through the Future Forward PAC.

Donation Details

Chris Larsen donated 1,754,815.29 XRP to support Kamala Harris' 2024 presidential campaign. The funds were channeled through the Future Forward PAC, which uses Coinbase Commerce to convert crypto donations to stablecoins. The committee has raised over $200 million from prominent donors, including former NYC Mayor Michael Bloomberg and venture capitalist Reid Hoffman.

Cryptocurrency in Politics

With cryptocurrencies becoming a prominent topic in the 2024 U.S. elections, Kamala Harris has pledged support for innovative technologies like AI and digital assets. Meanwhile, her rival Donald Trump promises to protect the crypto industry from regulatory crackdowns. Larsen's donation underscores the growing role of crypto in U.S. political campaigns and his public endorsement of Harris as a pro-innovation candidate. Simultaneously, Ripple continues legal battles with the SEC.

Public Reactions

The donation has sparked considerable social controversy. Some crypto enthusiasts feel discontented with the Biden-Harris administration and their appointed SEC Chief Gary Gensler, accusing them of unfairly targeting the crypto industry and Ripple in particular.

Chris Larsen's significant crypto donation has reignited discussions on the role of cryptocurrencies in U.S. political campaigns and intensified controversies among crypto enthusiasts concerning the current U.S. administration.