Ripple Co-Founder Invests Big in Kamala Harris’s 2024 Campaign

As the 2024 election between Kamala Harris and Donald Trump looms, cryptocurrency industry leaders are becoming prominent players in campaign finance.

Ripple co-founder Chris Larsen has emerged as a major donor, directing significant funds to support Harris’s presidential bid. His donations to Future Forward, a super PAC backing Harris, have totaled nearly $10 million in cash, with an additional $1 million in XRP cryptocurrency and over $800,000 to the Harris Victory Fund. Altogether, his contributions exceed $11.8 million, making him one of the top crypto industry donors in this election cycle.

Larsen’s financial support for Harris started early, with substantial contributions as far back as February, months before she officially became the Democratic nominee.

His backing is linked to Harris’s engagement with cryptocurrency experts, sparking speculation about her potential approach to crypto regulation, a key issue in the campaign.

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In contrast, Trump’s campaign has also seen notable cryptocurrency donations, with roughly $7.5 million flowing into his PAC since June.

While Larsen’s donations may signal support for Harris’s stance on crypto, her campaign has yet to see a corresponding surge in public backing. Betting platforms like Polymarket currently show only 38% of users predicting a Harris victory, suggesting that even large contributions from industry leaders haven’t swayed the odds significantly in her favor.

In this critical election, the growing intersection between politics and cryptocurrency is drawing attention, with both candidates navigating the potential impact of digital currency regulations on their campaigns.

Kostadin Dimitrov