Ripple (XRP) News: Chris Larsen's $1 Million Donation to Kamala Harris's Campaign
Ripple (XRP) News: Cryptocurrency's Role in Political Fundraising
Ripple (XRP) news highlights a groundbreaking moment in political fundraising as Vice President Kamala Harris received its first cryptocurrency donation from Ripple Chairman Chris Larsen. On August 14, 2023, Larsen donated 1.7 million XRP tokens, equivalent to approximately $1 million, to the Future Forward PAC, a group dedicated to supporting Harris's campaign through advertising and targeting opposition candidates like Donald Trump.
Future Forward PAC and Cryptocurrency
According to Federal Election Commission (FEC) records, Future Forward began accepting cryptocurrency donations starting in September. Larsen's donation aligns with his public endorsement of Harris, as he joined 87 business leaders in expressing their support for her candidacy.
Implications of the Donation
This significant donation signifies a shift in political support within the cryptocurrency space, typically associated with candidates like Donald Trump. As Ripple faces ongoing legal challenges with the US Securities and Exchange Commission (SEC) regarding XRP's classification, this contribution raises questions about Larsen's motivations and the future of cryptocurrency in politics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.