Following his public endorsement of the candidate back in September, Ripple co-founder Chris Larsen has donated $1 million in XRP to Kamala Harris. According to CNBC coverage, Larsen has given more than $1.9 million to Harris amid her bid to become the next president of the United States.
The donation occurs as Larson’s Ripple is set to continue its well-documented legal battle with the US Securities and Exchange Commission (SEC). The two sides have both filed appeals to the lawsuit that had reached a final judgment in August. Now, the two sides are set to continue the legal conflict that started in 2020.
Also Read: Ripple Co-Founder Endorses Kamala Harris for President
Ripple’s Chris Larsen Makes $1 Million Donation to Kamala Harris
2024 has proven to be the first time that cryptocurrencies have become a popular political point of debate. Donald Trump and Kamala Harris are seeking to be elected to take over the Oval Office this November. Amid their campaigns, both sides have addressed the growing industry.
Amid her recent discussions on the industry, Ripple co-founder Chris Larsen has donated $1 million in XRP to Kamala Harris and her campaign. The move was made after Larsen publicly endorsed the current Vice President in a joint letter. The letter was published in September and featured the signatures of 88 other executives.
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Larsen remains a fixture in the crypto space. He founded the company as OpenCoin in 2012. Four years later, he stepped down as the company’s CEO, being replaced by current head Brad Garlinghouse. However, Larsen has remained the company’s executive chairman.
In late September, Harris signaled a shift to her position. Indeed, a policy document claimed she would “encourage innovative technologies,” like crypto. The move countered Trump’s consistent pro-crypto approach.