Ripple co-founder donates $1 million in XRP to Harris campaign.

Federal Election Commission (FEC) data reveals that Chris Larsen, co-founder and executive chairman of Ripple, donated 1,754,815.29 XRP (XRP), valued at $1 million at the time of contribution, to Harris-Walz’s 2024 presidential campaign.

The FEC records indicate that the donation was made on August 14, 2024, to the pro-Harris Future Forward political action committee (PAC). As noted by Fox Business reporter Eleanor Terrett, this marks the first documented crypto contribution to the Harris campaign.

In September, a spokesperson for Future Forward confirmed to Cointelegraph that the PAC was accepting crypto donations for Harris following false reports suggesting direct donations from crypto campaigns were being accepted by the campaign.

According to the FEC, Future Forward has amassed over $200 million in contributions since October 2024.

Chris Larsen, along with 87 other business leaders, expressed their support for Harris in a letter dated September, praising her potential presidency as favorable for American industry growth.

In the same month, a coalition of crypto industry advocacy groups and executives raised $100,000 for the Harris campaign to influence her stance on U.S. digital asset policy.

After industry pressure and support, Harris addressed crypto policy in late September, stating a commitment to investing in innovative technologies like AI and digital assets while safeguarding consumers and investors. However, her statement largely echoed previous responses from the Biden administration regarding crypto policy.

SOURCE

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