This month, Ripple co-founder Chris Larson made a second donation to Kamala Harris' presidential campaign.
While many industry leaders tend to support Donald Trump, Larson recently donated an additional $10 million worth of XRP to Harris' campaign.
Chris Larson Donates $10 Million Worth of XRP
Larson believes that Harris can support the cryptocurrency industry through the Democratic Party's new approach. A week ago, Larson donated $1 million worth of XRP to her campaign.
"The Democratic Party needs a new approach to technological innovation, especially cryptocurrency. I am donating $10 million worth of XRP to support Kamala Harris because I believe she will ensure that American technology dominates the world," Larson said.
Read more: Everything You Need to Know About Ripple vs. SEC.
Recently, Ripple has resumed its legal dispute with the SEC. The SEC has been prosecuting Ripple under the Biden Democratic administration, but Chris Larson supports the Democratic governance.
Ripple CEO Brad Garlinghouse respects Larson's decision and reaffirms that Ripple will work with both Democrats and Republicans to promote cryptocurrency-friendly policies. Previously, Ripple announced that it had donated $50 million to Fairshake, a super PAC that supports cryptocurrency-friendly political candidates for the 2024 election.
"Chris Larson's net worth is $3.1 billion. He donated an amount (0.3% of his net worth) that he likely doesn't feel. Stewart Alderoty donated to Trump, and Ripple invested $50 million in Fairshake, a super PAC that supports both Democrats and Republicans. Politics is a complex game, and Ripple is clearly playing it," commented NotFinancialAdvice.Crypto.
Kamala Harris Sets Quarterly Fundraising Record
While the decentralized prediction platform Polymarket sees a higher chance of Trump's victory, Harris' campaign has received far more donations.
Read more: Ripple (XRP) Price Prediction 2024/2025/2030
According to The New York Times, Vice President Kamala Harris' campaign has set the largest quarterly fundraising record in history, raising $10 billion. Harris secured $3.78 billion in September alone, while Trump raised $1.6 billion. In October, Harris raised $3.48 billion, while the Trump campaign raised $2.83 billion.
