Ripple co-founder Chris Larsen has made his first recorded cryptocurrency donation to Vice President Kamala Harris.
The donation, amounting to $1 million in XRP (XRP), was given to Future Ahead USA, a political motion committee supporting Harris in her presidential bid, based on Eleanor Terrett.
Larsen’s contribution follows his public endorsement of Harris in September. In keeping with stories from CNBC, Larsen has now donated over $1.9 million to Harris’s marketing campaign as she runs for president within the 2024 election.
This donation comes as Ripple continues its authorized battle with the U.S. Securities and Alternate Fee.
The case started in 2020 and facilities on classifying XRP as a safety. Each Ripple and the SEC have filed appeals following the lawsuit that concluded in August.
Kamala Harris and crypto
Each political events have been making an attempt to enchantment to the crypto group and its monetary contributions throughout this election season. The assist from crypto homeowners highlights the rising affect of digital belongings in American politics.
Harris has been comparatively silent about crypto, however her current statements about encouraging applied sciences like AI and digital belongings have stirred curiosity amongst crypto supporters.
Harris’s marketing campaign crew launched the Crypto4Harris initiative in early August to have interaction with the crypto group and counter Republican efforts to draw crypto voters. The marketing campaign goals to develop a pro-crypto coverage framework to fix Harris’s relationship with the crypto trade.
