- Top Ripple Executive Chris Larsen is still backing Kamala Harris.
- Larsen has put more of his money where his mouth is.
- Kamala Harris’ is fanning her crypto flame.
While the ‘crypto president’ title adopted by election hopeful Donald Trump has largely propositioned him at the center of the industry chatter over the upcoming United States elections, his rival Kamala Harris has not been without her own supporters. One of the first few to throw weight behind the Vice President is Ripple co-founder Chris Larsen, who publicly endorses her as the better contender in the ongoing race.
Proving his commitment, the Ripple executive has again pushed a big bag of funds to support Harris.
Ripple’s Chris Larsen Stands Pro-Harris
A ten-million-dollar donation by top Ripple executive Chris Larsen has offered a major boost to election hopeful Kamala Harris. Larsen announced his donation in an October 21 tweet, proclaiming his endorsement of the Democratic candidate.
Sponsored
The donation follows his initial contribution of $1 million to the Vice President, made a month earlier, when he first publicly shared his preference for her “approach to tech innovation, including crypto.”
Ripple’s Larsen previously praised Harris for her commitment to stable business practices, innovation, and fair regulation. She is also supported by other high-profile figures, such as James Murdoch, ex-CEO of 21st Century Fox, and Aaron Levie of Box.
The growing support comes as Harris intensifies her pro-crypto narrative to secure the industry’s good graces.
Harris Strengthens Crypto Outreach
The strained relationship between the crypto community and the current Biden-Harris administration has raised concerns about the Vice President’s commitment to the asset class, causing more enthusiasts to lean toward Trump’s vision of more favorable governance.
However, Harris is not backing down, intensifying her efforts to win over the industry. In a recently released economic plan, the Democratic candidate promised the protection of digital asset investors as part of her “Opportunity Agenda for Black Men,” assuring the prosperity of the asset class. Her promise follows the September formation of a ‘crypto4Harris’ advocacy group as part of her campaign, all reinforcing her pivot to the sector.
However, the Vice President still faces skepticism despite her outreach, centred around her reluctance to take a solid stance in support of the industry.
On the Flipside
- Currently, Harris falls short in crypto election bets, with Trump holding a commanding lead at press time.
- Donations backing Donald Trump have recently hit $7.5 million.
- Some industry members have Harris’ promises for the crypto industry as vague and lacking substance.
Why This Matters
A ten-million-dollar donation from Ripple co-founder Chris Larsen throws significant weight behind Kamala Harris, strengthening her waning support and potentially paving the way for increased industry backing.
Find out more about the Ripple co-founder’s first donation to Harris’ campaign here:
Ripple’s $1M Donation: Why It Won’t Impact XRP Holders
Here’s how election bets on decentralized prediction platform Polymarket are going:
Trump Dominates Crypto Election Bets: Here’s Why
