{"id":1467,"date":"2024-10-21T21:09:11","date_gmt":"2024-10-21T21:09:11","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1467"},"modified":"2024-10-21T21:09:11","modified_gmt":"2024-10-21T21:09:11","slug":"ripple-co-founder-donates-10-million-in-xrp-to-kamala-harriss-campaign","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1467","title":{"rendered":"Ripple Co-Founder Donates $10 Million In XRP To Kamala Harris\u2019s Campaign"},"content":{"rendered":"
\n

Ripple Labs co-founder Chris Larsen has significantly increased his backing of Democratic presidential nominee Kamala Harris, making headlines with substantial donations over the past month.\u00a0<\/p>\n

In a recent announcement<\/a>, Larsen disclosed a $10 million donation in XRP to Harris\u2019s campaign, following a previous contribution of $1 million worth of XRP to Future Forward, a super political action committee (PAC) supporting her candidacy.<\/p>\n

Larsen\u2019s $10 Million XRP Donation\u00a0<\/h2>\n

In a post on X (formerly Twitter), Larsen expressed his belief that the Democratic Party needs a fresh approach to technology and innovation, particularly regarding cryptocurrency, he stated:\u00a0<\/p>\n

\n

I believe Kamala Harris will ensure that American technology dominates the world, which is why I\u2019m donating $10M in XRP in support of her.<\/p>\n<\/blockquote>\n

Larsen\u2019s support for Harris is not new. Earlier this year, he made the maximum personal contribution of $6,600 to her campaign, a $100,000 donation, and most recently donated <\/a>$1 million in XRP to the Harris Action Fund PAC.\u00a0<\/p>\n

In total, the Ripple executive\u2019s contributions in support of Harris now total approximately $11.9 million, including both direct donations and those made through PACs.<\/p>\n

Despite his strong support for Harris, Larsen\u2019s advocacy comes against the backdrop of Ripple\u2019s ongoing legal battle<\/a> with the US Securities and Exchange Commission (SEC).\u00a0<\/p>\n

Ripple Seeks Regulatory Clarity<\/h2>\n

The lawsuit has become a focal point in the cryptocurrency industry, with many voices calling for regulatory reform and a change in leadership at the SEC under the Biden administration<\/a>\u2014an area where Harris has significant influence.<\/p>\n

While Harris has yet to publicly address changes in the SEC\u2019s leadership that could facilitate a new regulatory framework for digital assets, Larsen remains optimistic.\u00a0<\/p>\n

Larsen previously told <\/a>CNBC that he was \u201cvery confident\u201d Harris would bring a \u201cmore pragmatic approach and clear rules\u201d to the crypto industry, in contrast to the current environment under SEC chairman Gary Gensler.\u00a0<\/p>\n

Gensler has been criticized for his aggressive stance <\/a>against several crypto companies, including Ripple, leading many in the industry to support alternative political candidates.<\/p>\n

Ripple CEO Brad Garlinghouse has also voiced concerns regarding Gensler, labeling him a \u201cpolitical liability.\u201d He described Gensler\u2019s approach as \u201cpurposeful chaos,\u201d which he believes has inadvertently strengthened foreign competitors at the expense of the US crypto industry.\n<\/p>\n

In light of Larsen\u2019s donations, Garlinghouse acknowledged the right of individuals to support the candidates they believe are best suited to lead the country. He reiterated <\/a>the need for a shift in the current administration\u2019s stance on crypto, emphasizing that Ripple will engage with both Democrats and Republicans to promote policies that foster blockchain and crypto innovation.<\/p>\n

\"Ripple\"<\/p>\n

At the time of writing, XRP is trading at $0.5457. It has experienced sideways movement over the past 24 hours, recording a slight change of 0.5% gain to the upside.\u00a0<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple Labs co-founder Chris Larsen has significantly increased his backing of Democratic presidential nominee Kamala Harris, making headlines with substantial donations over the past month.\u00a0 In a recent announcement, Larsen disclosed a $10 million donation in XRP to Harris\u2019s campaign, following a previous contribution of $1 million worth of XRP to Future Forward, a super […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1467","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1467"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1467\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}