As the election between Kamala Harris and Donald Trump approaches, details emerge about significant donations from crypto market leaders, particularly Chris Larsen from Ripple in support of Kamala Harris.

Chris Larsen's Donations

In September 2024, Chris Larsen, co-founder of Ripple, made several large donations to support Kamala Harris through the super PAC Future Forward. The total amount includes $9.89 million in cash, $1 million in XRP cryptocurrency in August, and over $800,000 to the Harris Victory Fund, bringing total contributions to over $11.8 million.

Chris Larsen's Interview

In a CNBC interview, Larsen clarified that his support for Harris is based on conversations with her campaign team and her performances since becoming the main candidate, replacing Joe Biden.

Impact on Crypto Regulation

Larsen's contributions come at a crucial time when cryptocurrency regulation is a focal point in the 2024 elections. Harris's team has been consulting with crypto experts, leading to speculation about her meetings with Larsen to discuss cryptocurrency policy. However, despite financial backing, Harris has yet to gain significant public support.

Chris Larsen's donations highlight the crypto community's interest in the election outcome and future regulation in the US. Yet, so far, substantial financial backing has not translated into increased popularity for Harris.