Coin World News Report:
Considering the current voter landscape, this is a rather surprising move. Ripple co-founder Chris Larsen has announced that he will donate $10 million worth of XRP to Kamala Harris’ campaign. With the upcoming US presidential election, this Democratic candidate will receive support from Larsen as she attempts to defeat Donald Trump in the race for the presidency.
In a tweet posted to X (formerly Twitter), Larsen stated that he made this decision to ensure that Democrats have a “new way” of approaching technological innovation, including cryptocurrencies. Ripple CEO Brad Garlinghouse expressed support for this decision, specifically noting that the US must immediately focus on ending the “misguided war” on cryptocurrencies by the current government.
Additionally, Larsen’s donation of $10 million to the Harris campaign further solidifies his commitment to her potential as the US president. Larsen has already been one of Harris’ most enthusiastic supporters, as evidenced by his contributions of over $11.8 million to support her political action committee. This latest effort only strengthens his commitment to her leadership potential as the president of the United States.
In the lead-up to the 2024 US election, cryptocurrencies have taken an unprecedented dominant position in discussions. This emerging asset class has experienced significant growth this year. As a result, the demand for regulatory clarity has never been stronger. With this becoming a necessary aspect of US policy, the industry has become a critical battleground for candidates.
Thus far, Donald Trump has increasingly shown favor towards cryptocurrencies. He has embraced this asset class in an unprecedented manner, advocating for its development within the US throughout his campaign. However, this has not stopped some industry giants from voicing their support for his opponents.
This is precisely what Ripple co-founder Chris Larsen has done by announcing his donation of $10 million worth of XRP to Kamala Harris’ campaign. In his announcement, Larsen highlighted the importance of technological innovation in the country and expressed support for Harris’ potential in this regard.
Larsen stated, “Now is the time for Democrats to take a new approach to technological innovation. I believe Kamala Harris will ensure American tech dominance, which is why I’m donating $10 million worth of XRP to support her.”
Larsen has already become one of Harris’ most fervent supporters, as evident in his substantial contributions of over $11.8 million to support her campaign. This latest effort only strengthens his commitment to her potential as the president of the United States.
