A Massive Crypto Support: 10 Million XRP For Kamala Harris!

As the American presidential election approaches, allies of the candidates, Trump and Kamala Harris, are doubling down efforts to secure victory for their champion. In this electoral frenzy, the crypto industry is on the move. A major player in this momentum is Chris Larsen, co-founder of Ripple, who recently injected 10 million dollars in XRP to support the vice-presidential campaign. This commitment illustrates the growing intersection between politics and cryptocurrencies.

Ripple, the technological support for Kamala Harris?

Chris Larsen is no stranger to financial contributions as he has already made a significant crypto donation to the Democratic candidate. With an additional donation of 10 million dollars in XRP to the PAC Future Forward, he ensures that Harris’s voice is heard in this election. By mentioning a “new model of technological innovation”, he emphasizes the importance of crypto in the American economic landscape.

NEW —

The big-money super PAC Future Forward raised over $100 million just last month.

$10 million from Dustin Moskovitz

$10 million from Chris Larsen

$9 million from a nonprofit called Evidence for Impact

$5 million from JB Pritzker

— Teddy Schleifer (@teddyschleifer) October 21, 2024

To provide an overview of the impact of campaign contributions, here are some revealing figures:

• 100 million dollars: amount raised by Future Forward last month;
• 10 million dollars: contributed by Larsen in his latest donation;
• 1.7 million XRP: value of Larsen’s first contribution in August.

Brad Garlinghouse, CEO of Ripple, also commented on these events, stating that Larsen’s commitment proves the importance of crypto in the political debate. “We need to change course in the face of this misguided war against crypto,” he emphasized.

Kamala Harris must therefore navigate a financial support that hopes to strengthen her position on crypto regulation.

A crypto community in turmoil

The crypto community is also active in supporting its own interests as elections approach. As Harris begins to unveil her plans for the American crypto ecosystem, Trump, on the other hand, strikes a chord in the sector with promises of support.

His image, favorable to cryptocurrencies, has allowed him to raise significant funds. The current dynamics could sway the election, with a voter base passionate about technological innovation and the possibilities offered by blockchain.

In this fierce struggle, crypto players hope to influence the upcoming legislative framework. If Kamala Harris wants to catch up with Trump in the crypto domain, she will need to not only attract voters but also prove her ability to advocate for crypto-friendly policies.

As Larsen says, “it is time for Democrats to adopt a new approach.”

Finally, even though the excitement around crypto contributions is rising, we must not forget that Elon Musk, despite his interest in innovation, chose a more traditional method to sway the elections in favor of Trump: distributing million-dollar checks.