Rippleco-founderandchairmanChrisLarsenhasmadesignificantcontributionstotalingmorethan$11.8milliontoVicePresidentKamalaHarris’presidentialcampaign.
FederalElectionCommission(FEC)dataanalyzedbyblockchainanalystJamesDelmoreandverifiedbyCNBCshowsthatLarsencontributed$9.9milliontoFutureForward,asuperPACsupportingHarris,andover$800,000totheHarrisVictoryFundinSeptember.
Larsen,aprominentfigureinthecryptocurrencyindustry,alsoannounceda$10milliondonationfromRipple’sowndigitalcurrency,XRP,tosupportHarris.HeexpressedhisbeliefthattheDemocraticPartyneedsanewapproachtotechnologyandinnovation,especiallyinthecryptocurrencyfield.Larsensaid,“IbelievethatKamalaHarriswillensurethatAmericantechnologydominatestheworld,soIamdonating$10millionfromXRPtosupporther.”
RippleCEOBradGarlinghousethankedLarsenforhiscontributionsandsaidbipartisansupportforcrypto-friendlypoliciesisimportant.“IrespectChris’(andeveryone’s)righttosupportwhoevertheythinkisbesttoleadtheUnitedStates,”Garlinghousesaid.“Weneedtoimmediatelychangecourseonthisadministration’smisguidedwaroncrypto.”HereiteratedRipple’sintenttoworkwithbothDemocratsandRepublicanstoadvanceblockchaininnovationandpro-cryptopolicies.
Larsen’sendorsementofHarrisisbasedonpersonalconversationswithcampaigninsiders,andhehasexpressedconfidenceinHarris’understandingofthetechsector.Harris,wholivesintheBayArea,haslongbeenassociatedwithSiliconValleyandtheinnovationeconomy.Larsen,whohassupportedcandidatesfrombothpartiesinrecentyears,toldCNBCthatHarris’tech-savvyapproachcontrastssharplywiththeBidenadministration,whichhebelieveslacksaclearvisiontostrengthenU.S.techleaders.
Larsen’sfinancialsupportforHarrisdatesbacktoearlierthisyear.InFebruary,hecontributed$6,600toHarris’campaign,themaximumpersonaldonationallowedbylaw,and$100,000totheHarrisActionFundPAC.Hisnetworth,estimatedbyForbesat$3.1billion,comesprimarilyfromhisholdingsinXRPandhisinvolvementinRipple,acompanythatprovidesblockchaintechnologyforfinancialservicesfirms.
*Thisisnotinvestmentadvice.
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