As a seasoned investor with a keen interest in cryptocurrencies and politics, I find this news about Chris Larsen’s $1 million XRP donation to Kamala Harris’ presidential campaign quite intriguing. Having closely followed Ripple’s journey since its inception, it’s clear that the company is making strategic moves to support pro-crypto candidates.
Chris Larsen, one of the founders of Ripple, has contributed $1 million worth of XRP, the digital currency, to Future Forward PAC, a group advocating for Vice President Kamala Harris during her presidential run.
As reported by Future Forward PAC, Larsen contributed one million dollars to Kamala’s campaign on August 14th through a non-campaign account. This marks the initial cryptocurrency donation Kamala has received since launching her campaign.
The committee approved the donation via Coinbase Commerce, which was then instantly changed into a stable digital currency (stablecoin) to ensure its stability during market ups and downs.
Larsen’s contribution aligns with Ripple’s objective to aid pro-cryptocurrency candidates during this current election. Over time, Ripple has contributed millions towards various political initiatives.
To date, the Future Forward Political Action Committee (PAC) has garnered more than $200 million in contributions, with notable figures such as ex-Mayor of New York City, Michael Bloomberg, and venture capitalist, Reid Hoffman, among its donors.
Beyond Larsen’s contribution, more than 87 business leaders have openly supported Harris. They are confident that she will maintain the law and foster a secure ecosystem for the cryptocurrency sector.
The upcoming election on November 5th continues to be planned, and cryptocurrency has emerged as a significant point of discussion among candidates. Kamala Harris has made clear her intention to advocate for innovative financial solutions such as digital currency within her proposed economic strategies.
Simultaneously, his competitor, Donald Trump, has pledged to halt what he terms an “illegitimate and unpatriotic clampdown” on the American cryptocurrency market, positioning himself as an advocate for this industry.
In their election campaigns, both candidates are anticipated to focus on the regulation of cryptocurrencies and ensuring consumer safety.
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2024-10-11 23:19