Ripple Co-Founder Donates $10 Million in XRP for Kamala Harris

The US election campaign is in its final stages, the duel between Donald Trump and Kamala Harris will be decided in two weeks. Ripple co-founder Chris Larsen is taking a clear stance with a 10 million donation in XRP.

Ripple co-founder Chris Larsen donation of $10M to Trump’s opponent Kamala Harris public via X, is attracting a lot of attention

For crypto investors, it is not only a must to look at the price curves of Bitcoin (BTC) and others these days , but also to closely analyze the latest poll results for the US presidential election. Former President Donald Trump has made Bitcoin and the crypto industry a campaign issue and seems to be winning over the crypto scene with his friendly signals. For example, an action by Ripple co-founder Chris Larsen, who made a donation of $10 million to Trump’s opponent Kamala Harris public via X, is attracting a lot of attention.

This is surprising for at least two reasons: The vast majority of crypto millionaires in the US are betting on Donald Trump, and their record-breaking donations are viewed with skepticism. But Chris Larsen, who got rich through Ripple and XRP, believes that with his large donation to Kamala Harris, he can trigger a rethink among her Democrats to see crypto and technical innovation as an opportunity rather than a threat.

Larsen’s financial injection and recommendation for Harris seems particularly selfless when you know his personal situation. The US Securities and Exchange Commission (SEC) is once again taking personal action against Chris Larsen in an appeal against Ripple and XRP.

Donald Trump promises to fire SEC chief Gary Gensler, which also suggests that lawsuits such as those against Ripple and Larsen will be dropped. Gensler is even being considered as a possible Treasury Secretary for Kamala Harris, which would strengthen his influence.

It is also interesting that there is apparently political diversity at the top of Ripple. CEO Brad Garlinghouse has already made large donations to the company during the election campaign, which tend to benefit Trump and his Republicans. On X, Garlinghouse is currently a little more apolitical and respects Larsen’s decision. But Garlinghouse still has a number of unfinished business with the SEC and Gary Gensler , which would hardly disappear under President Kamala Harris.

Conclusion: Crypto hopes for Trump in US election – but Harris also has advocates

Donald Trump’s crypto competence may have been in doubt since the completely botched launch of his World Liberty Financial (WLFI) project . But Trump’s idea of ​​building a state Bitcoin reserve for the USA promises BTC price gains and a replacement of crypto opponent Gary Gensler at the SEC also sounds extremely positive.

Kamala Harris has positioned herself less clearly, as Ripple co-founder Chris Larsen knows. The 64-year-old already attracted attention in 2022 when he supported a Bitcoin-critical campaign by Greenpeace and thus “left-wing” demands. When the vote decides on November 5th in the battle for the White House, it will become clear whether Bitcoin and crypto celebrities could be the deciding factor that steers the head-to-head race in one direction.

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(Featured image by Lawrence Jackson via WikiCommons)

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