Ripple co-founder Chris Larsen has donated $1 million in XRP cryptocurrency to support Vice President Kamala Harris’ 2024 presidential campaign. This donation, made through the Future Forward USA PAC, marks the first documented cryptocurrency contribution to Harris’ campaign.

The PAC, which utilizes Coinbase Commerce to process cryptocurrency donations, automatically converts the contributions into stablecoin USDC to mitigate volatility risks.

Larsen’s contribution consisted of 1.75 million XRP tokens and reflects the increasing influence of cryptocurrency within U.S. political campaigns. The Future Forward PAC, having raised over $200 million, is backed by several notable contributors, including venture capitalist Reid Hoffman and the crypto exchange Coinbase.

This endorsement comes at a critical time, as Ripple continues to engage in a legal battle with the U.S. Securities and Exchange Commission (SEC) regarding the regulatory classification of XRP.

As the 2024 election draws closer, both Harris and her political rival Donald Trump have shown interest in the growing impact of cryptocurrency on the economy. While Harris advocates for integrating innovative technologies such as digital assets and AI into her economic policies, Trump has vowed to end what he deems as an unfair crackdown on the U.S. crypto industry​

Larsen’s donation is a significant marker of how the cryptocurrency sector is shaping political narratives and influencing campaign strategies leading up to the 2024 election.

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