Chris Larsen, co-founder of Ripple Labs, has ramped up his support for Kamala Harris, the Democratic presidential candidate, making headlines with notable financial contributions recently. <\/p>\n
In a new social media post<\/a>, he announced a generous $10 million donation in XRP to her campaign, which follows an earlier $1 million contribution to Future Forward, a super PAC backing her efforts.<\/p>\n Sharing his thoughts on X (formerly Twitter), Larsen conveyed that the Democratic Party requires a modern perspective on technology and innovation, especially in the context of cryptocurrencies, stating: <\/p>\n I believe Kamala Harris will ensure that American technology dominates the world, which is why I\u2019m donating $10M in XRP in support of her.<\/p>\n<\/blockquote>\n This isn’t the first time Larsen has supported Harris. Earlier this year, he contributed the maximum amount of $6,600 to her campaign, along with a $100,000 donation and a recent $1 million gift to the Harris Action Fund PAC. <\/p>\n Overall, Larsen\u2019s total financial contributions to Harris are now estimated at around $11.9 million, factoring in both direct donations and PAC support.<\/p>\n Despite backing Harris, Larsen’s support coincides with Ripple’s ongoing legal confrontation with the US Securities and Exchange Commission (SEC). <\/p>\n This lawsuit has become a critical issue within the cryptocurrency sector, prompting calls for regulatory reforms and potential leadership changes at the SEC during the Biden administration\u2014an area where Harris holds considerable influence.<\/p>\n Although Harris hasn’t commented publicly on the potential adjustments to SEC leadership that might lead to a new regulatory framework for digital currencies, Larsen remains hopeful. <\/p>\n<\/span>Larsen’s $10 Million XRP Contribution<\/span><\/h2>\n
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<\/span>Ripple Pursues Regulatory Clarity<\/span><\/h2>\n