<ul class="wp-block-list"> 
 <li>Ripple chairman Chris Larsen donates $11.8M total to Kamala Harris campaign.</li> 
 <li>Prominent crypto figures call for XRP boycott, claiming misalignment with crypto values.</li> 
 <li>Ripple CEO defends right to individual political contributions while maintaining company’s bipartisan stance.</li> 
</ul> 
<p>The cryptocurrency community finds itself embroiled in controversy following <a href="https://thenewscrypto.com/?s=Ripple" target="_blank" rel="noreferrer noopener">Ripple </a>chairman Chris Larsen’s substantial political contributions to Vice President Kamala Harris’s presidential campaign.</p> 
<p>Larsen’s recent $10 million <a href="https://thenewscrypto.com/?s=XRP" target="_blank" rel="noreferrer noopener">XRP </a>donation, following a previous $1 million contribution, brings his total support to $11.8 million, sparking intense debate within the crypto sphere.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">It's time for the Democrats to have a new approach to tech innovation, including crypto. I believe <a href="https://twitter.com/KamalaHarris?ref_src=twsrc%5Etfw">@KamalaHarris</a> will ensure that American technology dominates the world, which is why I’m donating $10M in XRP in support of her. <a href="https://t.co/vb9KJA87JK">https://t.co/vb9KJA87JK</a></p>— Chris Larsen (@chrislarsensf) <a href="https://twitter.com/chrislarsensf/status/1848405676776952186?ref_src=twsrc%5Etfw">October 21, 2024</a>
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<p>Notable figures in the cryptocurrency space have voiced strong opposition to these political contributions. Mike Alfred, a respected value crypto investor and board director, has taken a particularly firm stance, arguing that investors have no justification for holding XRP given the chairman’s political allegiances.</p> 
<h2 class="wp-block-heading" id="h-xrp-community-outraged">XRP community outraged</h2> 
<p>This sentiment has been echoed by X user Layah Heilpern, who accused XRP’s leadership of “dumping” on their community to support what she characterizes as “Marxist” politicians.</p> 
<p>The controversy has extended beyond individual critics, with Messari founder Ryan Selkis going so far as to declare XRP “dead” in light of these political developments.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">There is no excuse for owning XRP or supporting it in any way</p>— Mike Alfred (@mikealfred) <a href="https://twitter.com/mikealfred/status/1848866419909513351?ref_src=twsrc%5Etfw">October 22, 2024</a>
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<p>These reactions highlight the growing tension between cryptocurrency’s traditionally anti-establishment ethos and increasing engagement with mainstream political institutions.</p> 
<p>Larsen’s support for Harris’s campaign began modestly with a $6,600 donation earlier this year, setting a precedent for subsequent larger contributions. </p> 
<p>This pattern of support aligns with other major donors to Harris’s campaign, including Facebook co-founder Dustin Moskovitz and Illinois Governor JB Pritzker, who have contributed $10 million and $5 million respectively.</p> 
<p>Ripple CEO Brad Garlinghouse has <a href="https://x.com/bgarlinghouse/status/1848407530458042687" target="_blank" rel="noreferrer noopener">stepped into</a> the controversy, defending individual rights to political expression while emphasizing Ripple’s organizational commitment to bipartisan engagement.</p> 
<p>He stressed that the company’s focus remains on advocating for pro-crypto policies across party lines, particularly in the context of current regulatory challenges.</p>

XRP Under Fire: Leaders Call for Boycott Over Larsen’s $11.8M Harris Donation

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