Ripple Chairman Makes Waves by Donating $1M in XRP to Kamala Harris Campaign
Chris Larsen, the Chairman of Ripple, has made a significant move by donating $1 million in XRP to support Kamala Harris in her presidential campaign.
This donation marks a milestone as it’s Harris’s first cryptocurrency contribution and highlights Ripple’s endorsement amid ongoing legal challenges with the SEC.
Larsen’s contribution went to Future Forward USA, a super PAC advocating for Harris’s candidacy in the upcoming election. He also joined 88 other business leaders in endorsing Harris, which includes notable executives from major companies.
This support is particularly noteworthy given the ambiguous regulatory environment surrounding cryptocurrencies. By backing Harris, Ripple distinguishes itself from other firms that tend to favor candidates with a more positive stance toward crypto regulations.
READ MORE:
Neiro Cuts Ties with Controversial Market Maker Amid Community ScrutinyAdditionally, Gene Sperling, a former Ripple board member, has joined Harris’s campaign, enhancing the link between the cryptocurrency company and the candidate. Sperling’s experience in economic policy may signal a focus on financial technology and digital asset regulation if Harris wins.
The backdrop of this support is Ripple’s ongoing legal battle with the SEC, which accuses the firm of selling unregistered securities via XRP . Despite a recent court ruling stating that XRP is not a security, the lawsuit remains unresolved.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — PEAQ/USDT!
We are thrilled to announce that Bitget has launched isolated spot margin trading for PEAQ/USDT. New listing perk: To celebrate the listing of new coins, Bitget will distribute spot leverage cut-rate coupons or trading bonuses to users' accounts at random. These coupons can be used to leverage at l
Polish Candidate Pledges to Adopt Bitcoin Reserve
In a bold move, Sławomir Mentzen, a presidential candidate in Poland, has promised to adopt a strategic Bitcoin reserve if he is elected
SEI Partners with Drift Zone for Gaming Boost
Drift Zone, a Web3 gaming studio, is gearing up to change the game—literally
Paju City Threatens to Sell Crypto for Unpaid Taxes