According to the latest news from #FOX journalist Eleanor Terrett, Ripple co-founder #ChrisLarsen has made a $1 million cryptocurrency donation in $XRP
to the campaign of U.S. presidential candidate #kamalaHarris of the Democratic Party. It stands out from traditional financial support, which mostly comes from large U.S. corporations, as well as other high-profile business leaders supporting Kamala.
Larsen and others in the crypto industry hope that such moves will help strengthen Harris' position in the election. It's worth noting that the cryptocurrency community has shown polar views on political endorsements. While Larsen and some other business leaders from the crypto industry openly support Harris, former President #donaldtrump , who has long remained a proponent of strict regulation of cryptocurrencies, is now also starting to attract the attention of some cryptocurrency companies.
This is reflected in his recent rhetoric, which has become more favorable towards digital currencies, which may indicate a desire to attract the voices of the cryptocurrency community.
In addition to Larsen, other figures in the cryptocurrency sector are backing Harris, including former advisors from companies such as Binance and Alchemy Pay, as well as ex-Ripple board member Gene Sperling, who recently left the Biden administration to join Harris' campaign.
Crypto industry participants continue to invest heavily in political campaigns. Ripple, for example, has already spent tens of millions of dollars on such initiatives, and companies like Bitmain and Grayscale are also involved in funding candidates who support cryptocurrency technology.
