Ripple Chairman Chris Larsen Donates $1 Million in XRP to Support Kamala Harris' Presidential Campaign

Donating to Harris is part of Ripple’s broader strategy to influence the regulatory environment in Washington. Aligning with a candidate who is open to AI and digital assets might sound like a power move.

Ripple co-founder Chris Larsen has made the first known crypto donation to Kamala Harris’ presidential campaign, according to new Federal Election Commission (FEC) filings.

The filings show that Larsen donated $1 million in XRP to Future Forward USA, one of the leading super PACs supporting Harris.

This marks the first time that a candidate for president has received a direct crypto donation. In the past, candidates have received crypto donations that were then liquidated and donated to the campaign in fiat currency.

However, Larsen’s donation is the first time that a candidate has received a crypto donation that will be used directly to support their campaign.

Harris has been open in her support for technology and innovation, including blockchain and cryptocurrencies. In the past, she has spoken out against the SEC’s "heavy-handed" approach to crypto regulation.

She has also called for the creation of a clear and consistent regulatory framework for cryptocurrencies.

Larsen’s donation to Harris’ campaign is likely part of a broader strategy by Ripple to influence the regulatory environment in Washington.

Harris is considered to be one of the frontrunners in the Democratic primary, and if elected, she would be the first woman and first person of color to serve as president of the United States.

Her victory would also mark a significant shift in the way that candidates for president interact with crypto and blockchain technology.

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