Ripple Co-founder Chris Larsen has made his first recorded cryptocurrency donation to support Vice President Kamala Harris's campaign.

Cryptocurrency Donation

Larsen's donation, amounting to $1 million in XRP, was given to the Future Forward USA committee supporting Harris's presidential campaign. Previously, Larsen publicly endorsed Harris in September. According to CNBC reports, Larsen has now donated over $1.9 million to her campaign as she runs for the 2024 presidential election.

Legal Challenges for Ripple

This donation comes as Ripple continues its legal battle with the U.S. Securities and Exchange Commission (SEC). The case, which began in 2020, centers on the classification of XRP as a security. Both the company and the SEC have filed appeals following the lawsuit that concluded in August.

Kamala Harris and Cryptocurrency

Both political parties in the United States are seeking to attract the crypto community and its financial contributions during this election season. The support from cryptocurrency owners highlights the growing importance of digital assets in American politics. Kamala Harris has been relatively quiet on cryptocurrency issues, but her recent statements about embracing technologies like AI and digital assets have garnered interest among crypto supporters.

Chris Larsen's cryptocurrency donation underscores the significance of digital assets in modern politics and strengthens Kamala Harris's campaign ahead of the 2024 presidential election.