Ripple’s Co-founder Pledges $10M in XRP to Back Kamala Harris’s Campaign

Chris Larsen, the co-founder of Ripple, has taken a bold step into politics. He recently pledged $10 million in XRP to support Kamala Harris’s presidential campaign. Larsen believes Harris can lead America into a tech-driven future, making this donation a strong statement. Will she bring fresh ideas to how the country handles technology and cryptocurrency.

Larsen Pushes for Tech-Friendly Policies

Larsen’s decision highlights his desire for new tech regulations. He sees Kamala Harris as a leader who can steer the country toward global tech dominance. He noted that i’s time for the Democrats to have a new approach to tech innovation, including crypto. 

His confidence in Harris’s vision motivated the $10 million pledge. Before this, Larsen had already given around $1.9 million to Future Forward, a super PAC backing Harris, bringing his total support over $11 million.

This move comes at a crucial time for the crypto industry. Recent government actions have sparked worries, as many see the administration’s stance as overly cautious. For leaders like Larsen, backing Harris represents a hope for progress and growth, not just regulation. 

Ripple CEO Calls for Bipartisan Engagement

Brad Garlinghouse, CEO of Ripple Labs, supported Larsen’s decision. He respects Larsen’s choice and emphasized the need for bipartisan cooperation. 

According to Garlinghouse, the current administration has taken a “misguided” approach to crypto, which needs immediate change. He assured Ripple’s continued engagement with both political sides.

Larsen’s donation sends a message beyond just supporting a candidate. His actions emphasize the call for progressive, crypto-friendly policies that drive innovation. 

As major figures like Ripple engage with leaders across party lines, the future of cryptocurrency looks positive. For now, the industry stands at a crossroads, balancing between regulation and the freedom to innovate.