Chris Larsen’s Generous Donation to Kamala Harris’ Campaign
With the “United States crypto election” on the horizon, a wave of digital asset contributions is making its way into the political arena. Influential figures within the cryptocurrency community are boldly declaring their political allegiances by generously supporting their preferred candidates.
The latest noteworthy contribution comes from Chris Larsen, the co-founder and executive chairman of Ripple [XRP], who has thrown his weight behind Vice President Kamala Harris.
In a recent statement posted on X (formerly Twitter) on October 21st, Larsen expressed his admiration for Harris’ forward-thinking approach to technological innovation, especially within the cryptocurrency sector. His $10 million donation in XRP to support Harris speaks volumes about his confidence in her vision.
This substantial contribution was channeled towards Future Forward, a political action committee (PAC) actively supporting Harris in the impending U.S. election.
Larsen’s Continued Support for Harris
Chris Larsen’s endorsement of the Democratic nominee is not a new development. Federal Election Commission (FEC) records reveal that he had previously donated XRP tokens worth $1 million in August.
Of note, Fox Business journalist Eleanor Terrett pointed out that Larsen’s contribution marked the first documented cryptocurrency donation to Harris’ campaign.
As of the latest update, Larsen’s total support for PACs aligned with Harris stood at an impressive $11.8 million.
This contribution was part of a broader fundraising campaign, with reports indicating that Future Forward had managed to rake in over $100 million in the last month alone.
Notable donations included $10 million from Dustin Moskovitz, co-founder of Asana and Facebook, $9 million from the nonprofit Evidence for Impact, and $5 million from Illinois Governor Jay Robert Pritzker.
Political Landscape and Digital Assets
These significant contributions occur against the backdrop of Elon Musk’s recent mention of XRP, as highlighted by CryptoCrypto. Musk, a vocal supporter of President Trump, has been a major contributor to Trump’s campaign, notably channeling funds through his political action committee, America PAC.
Recent filings by the FEC revealed that Musk had donated nearly $75 million to his own committee, underlining his unwavering support for the current administration.
Furthermore, CryptoCrypto reported that another PAC supporting Trump’s re-election bid had received $7.5 million in cryptocurrency contributions.
Election Outcome Predictions
As the race intensifies, predictions from Polymarket hint at favorable odds for President Trump, with a 63.7% chance of securing a second term. In contrast, Vice President Harris lags behind with a 36.2% probability of victory.
As the momentum of crypto donations rises, it is evident that digital assets are reshaping the landscape of the 2024 presidential elections, underscoring the growing influence of the cryptocurrency community in the realm of politics.