2024

United

Million

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     <li><strong>Chris Larsen, Ripple co-founder, donates $10 million in XRP to Kamala Harris’ presidential campaign, advocating for a stronger focus on technological innovation.</strong></li> 
     <li><strong>Larsen highlights the need for U.S. tech leadership, urging Democrats to embrace a forward-thinking approach to cryptocurrencies and blockchain innovation.</strong></li> 
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    <hr> 
    <p><a href="https://www.ethnews.com/ripple-chairman-chris-larsen-moves-18m-xrp-amid-market-speculation-what-happens-now/">Chris Larsen</a>, the co-founder of Ripple, has made a significant donation of $10 million in XRP to support Kamala Harris’ campaign for the U.S. presidency. This contribution underscores Larsen’s belief in Harris’ potential to lead the country toward technological dominance on a global scale. The donation, valued at over 18,500 XRP, reflects a broader sentiment within the tech and crypto sectors, as Larsen calls for a fresh approach to technological innovation, particularly in the realm of cryptocurrencies.</p> 
    <p>Larsen made the announcement through his official account on X (formerly Twitter), where he shared his rationale behind this substantial financial backing.</p> 
    <blockquote>
     <p>“It’s time for the Democrats to adopt a new approach to technological innovation, including cryptocurrencies,”</p>
    </blockquote> 
    <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
     <p lang="en" dir="ltr">Chris Larsen of <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw">#Ripple</a> makes a bold move, donating $10M in XRP to Kamala Harris's campaign, advocating for a new era in tech and crypto policy in U.S. leadership. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f31f.png" alt="🌟" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/ChrisLarsen?src=hash&amp;ref_src=twsrc%5Etfw">#ChrisLarsen</a> <a href="https://twitter.com/hashtag/KamalaHarris?src=hash&amp;ref_src=twsrc%5Etfw">#KamalaHarris</a> <a href="https://twitter.com/hashtag/CryptoPolicy?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoPolicy</a> <a href="https://twitter.com/hashtag/TechInnovation?src=hash&amp;ref_src=twsrc%5Etfw">#TechInnovation</a> <a href="https://twitter.com/hashtag/USPolitics?src=hash&amp;ref_src=twsrc%5Etfw">#USPolitics</a> <a href="https://twitter.com/hashtag/Election2024?src=hash&amp;ref_src=twsrc%5Etfw">#Election2024</a> <a href="https://twitter.com/hashtag/CryptoDonation?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoDonation</a>… <a href="https://t.co/0282VlC85F">https://t.co/0282VlC85F</a> <a href="https://t.co/d6ReovzvHW">pic.twitter.com/d6ReovzvHW</a></p> 
     <p>— Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1848612035908481422?ref_src=twsrc%5Etfw">October 22, 2024</a></p>
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    <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
    <p>Larsen stated. He further expressed confidence in Harris’ ability to ensure that “American technology dominates the world,” positioning her as a critical figure for the future of tech-driven policies.</p> 
    <p>The Ripple executive’s support for <a href="https://www.ethnews.com/what-will-the-future-of-crypto-look-like-if-harris-wins-analysts-discuss-implications-for-xrp-eth-btcs-future/">Harris</a> is not entirely new. Earlier, he had publicly endorsed her along with 80 other business leaders, voicing his approval of the Democratic candidate’s platform. This donation follows a long-standing pattern of Larsen’s political involvement, particularly when it comes to advocating for blockchain and crypto-friendly policies in the United States.</p> 
    <p><a href="https://www.ethnews.com/brad-garlinghouse-dismisses-us-ipo-focuses-on-rlusd-stablecoin-launch/">Brad Garlinghouse</a>, Ripple’s CEO, commented on Larsen’s decision, emphasizing the importance of political engagement for the future of the crypto industry.</p> 
    <blockquote>
     <p>“I respect Chris’ right to support the candidate he believes is best suited to lead the United States,”</p>
    </blockquote> 
    <p>Garlinghouse remarked. He went on to critique the current administration’s stance on cryptocurrencies, calling for a shift away from what he described as a “misguided war” against digital assets. According to Garlinghouse, <a href="https://www.ethnews.com/xrp-price-targets-breakout-as-ripple-whales-accumulate-could-this-secret-pattern-trigger-a-surge-to-10/">Ripple</a> is committed to collaborating with both Democrats and Republicans to promote a regulatory environment that fosters innovation in the blockchain space.</p> 
    <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
     <p lang="en" dir="ltr">I respect Chris’ (and everyone’s!) right to support whomever they think is best to lead the U.S. </p> 
     <p>We need to immediately change course from this administration’s misguided war on crypto. </p> 
     <p>Ripple will continue to engage with both Democrats and Republicans in the final days of…</p> 
     <p>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1848407530458042687?ref_src=twsrc%5Etfw">October 21, 2024</a></p>
    </blockquote> 
    <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
    <p>The relationship between politics and cryptocurrency has been a central theme in the lead-up to the U.S. elections. Both major candidates, Kamala Harris and Donald Trump, have addressed the digital asset sector in different ways. While <a href="https://www.ethnews.com/financial-analysis-trumps-crypto-ventures-and-uniswaps-layer-2-developments-pre-election/">Trump</a> has taken a more open stance toward cryptocurrencies, Harris has approached the matter with greater caution. However, Larsen’s donation signals strong confidence in her ability to lead the country into a future where U.S. technology can thrive on the global stage, particularly through the advancement of blockchain and cryptocurrencies.</p> 
    <p>Interestingly, the donation takes place within an election context where the crypto community is divided. Prediction markets such as Polymarket show Trump as the favorite, with a 61.9% chance of winning, compared to <a href="https://www.ethnews.com/kamala-harris-shifts-stance-on-blockchain-advocating-for-us-leadership-in-technology/">Harris</a>‘ 38%. Despite these odds, figures like Larsen and others in the blockchain industry remain firm in their support for Harris, framing the election as a critical juncture for the development of pro-crypto policies in the U.S.</p> 
    <p>Larsen’s backing of Kamala Harris comes at a crucial time for both the political and crypto landscapes. As regulatory clarity and innovation-friendly policies remain hotly debated, the contribution of $10 million in <a href="https://www.ethnews.com/cybro-projected-for-a-2700-surge-to-1-outperforming-xrp-and-dogecoin-combined/">XRP</a> not only highlights the influence of cryptocurrency in political campaigns but also the increasing relevance of blockchain technology in shaping the future of U.S. policy.</p> 
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<p>The post <a href="https://www.ethnews.com/ripple-co-founder-donates-10-million-in-xrp-to-kamala-harris-campaign/">Ripple Co-Founder Donates $10 Million in XRP to Kamala Harris Campaign</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.</p>

Ripple Co-Founder Donates $10 Million in XRP to Kamala Harris Campaign

ETHNews

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