Ripple co-founder Chris Larsen has made headlines in the crypto world with his $10 million XRP donation to support Kamala Harris. This significant contribution highlights Ripple’s growing political influence and the role of cryptocurrency in shaping political campaigns.
Chris Larsen’s $10 Million Donation to Kamala Harris
Larsen, a co-founder of Ripple, announced via X (formerly Twitter) that he made a $10 million donation in XRP to back Kamala Harris’s campaign. In his post, Larsen stated, “Democrats need a new approach to tech innovation, particularly in the crypto space. I believe @KamalaHarris will ensure American technology leads the world. That’s why I’m donating $10 million in XRP to support her campaign.”
Ripple CEO Brad Garlinghouse responded, expressing respect for Larsen’s decision, stating, “I respect Chris and everyone’s right to support the best candidate.” He also emphasized the need for the government to adopt a more favorable stance on cryptocurrencies, indicating Ripple’s intention to work with both candidates.
A Strategic Move in Crypto Politics
Chris Larsen’s donation comes after a series of contributions to the Future Forward Super PAC, which supports Kamala Harris. With this donation, Larsen has now contributed over $11.8 million in total during this election cycle, making him one of the largest crypto donors backing Harris.
Additionally, Ripple’s legal chief Stuart Alderoty made headlines with his $300,000 XRP donation to the Trump 47 PAC, showing Ripple’s broadening political involvement across different campaigns.
Larsen’s major contribution to Kamala Harris underscores the growing intersection of cryptocurrency and political campaigns. As more high-profile figures in the crypto space like Larsen engage in political donations, the influence of digital assets on political strategies is becoming increasingly apparent. The Turkish NY Radio community is closely watching how these developments will unfold in the run-up to the next election.
