Chris Larsen Donates $1M in XRP to Kamala Harris Campaign

Ripple co-founder Chris Larsen has made headlines by donating $1 million in XRP to Kamala Harris's presidential campaign. This significant contribution follows his public endorsement of the Vice President in September, where he joined 88 other business leaders in supporting her candidacy. Larsen's total donations to Harris now exceed $1.9 million, highlighting his commitment to her campaign as she seeks to secure the Democratic nomination for the 2024 election.

The donation comes at a critical time for both Larsen and Ripple, as the company continues its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC has accused Ripple of violating securities laws through its sale of XRP, a case that has been closely watched by the cryptocurrency community. Despite these challenges, Larsen's support for Harris signals a strategic alignment with a candidate who has recently indicated a willingness to embrace innovative technologies, including cryptocurrencies.

As the political landscape shifts, cryptocurrency has emerged as a focal point in the upcoming election. Both Harris and former President Donald Trump are positioning themselves to attract votes from an increasingly influential crypto sector. 

While Trump's campaign has openly embraced digital assets, Harris's recent policy statements suggest a potential pivot towards supporting the industry, making her an appealing choice for some crypto advocates like Larsen.