As an analyst with over two decades of experience in the financial sector and a keen observer of political trends, I find it intriguing to see the intersection of technology, finance, and politics unfold in real-time. Chris Larsen’s recent $1 million XRP donation to Vice President Kamala Harris is a testament to this fascinating nexus.
Ripple co-founder Chris Larsen has made his first recorded cryptocurrency donation to Vice President Kamala Harris.
A donation valued at one million dollars in the form of Ripple’s digital currency, XRP, was presented to Future Forward USA – an organization backing Harris in her presidential campaign, as per Eleanor Terrett’s report.
In response to his public support for Harris in September, as per CNBC’s reports, Larsen has contributed more than $1.9 million to her presidential campaign for the 2024 elections.
This donation comes as Ripple continues its legal battle with the U.S. Securities and Exchange Commission.
2020 marked the initiation of this legal matter, primarily revolving around determining if XRP qualifies as a security. After the court case, which ended in August, both Ripple and the Securities and Exchange Commission (SEC) have submitted appeals regarding their respective positions.
Kamala Harris and crypto
During the current election period, both major political parties are striving to win over the crypto community and their financial backing. The fact that crypto holders are contributing demonstrates the increasing clout of digital assets within U.S. politics.
Harris has been relatively silent about crypto, but her recent statements about encouraging technologies like AI and digital assets have stirred interest among crypto supporters.
In the first week of August, Harris’s political team initiated the ‘Crypto4Harris’ project as a means to connect with the cryptocurrency community and counteract Republican attempts to win over crypto voters. The goal of this campaign is to create a pro-cryptocurrency policy structure, which will help strengthen Harris’s ties with the crypto industry.
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2024-10-11 21:31