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Key Takeaways
- Larsen’s donation marks the first crypto contribution to Harris’ campaign.
- Future Forward PAC surpasses $200 million in donations, backed by crypto platforms like Coinbase Commerce.
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Ripple co-founder Chris Larsen has donated $1 million in XRP tokens to Future Forward PAC, a political action committee supporting Vice President Kamala Harris’ presidential campaign.
According to Federal Election Commission filings, the donation, made on August 14, was provided in the form of 1.7M XRP tokens.
This contribution marks the first crypto donation to Harris’ campaign, as reported by Fox Business. Future Forward PAC, which accepts crypto donations through Coinbase Commerce, automatically converts contributions into the stablecoin USDC to minimize volatility.
The PAC has raised over $200 million in total, with significant contributions from prominent figures like former New York City Mayor Michael Bloomberg, venture capitalist Reid Hoffman, and the crypto exchange Coinbase.
Larsen’s public endorsement of Harris comes at a crucial time for Ripple, which continues its legal battle with the SEC. The conflict began in 2020, with both sides appealing recent rulings from a final judgment issued in August.
Ripple’s ongoing litigation with the SEC, coupled with the rising influence of crypto in political discourse, adds significance to Larsen’s backing of Harris.
As the 2024 presidential election approaches, crypto has become a…
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