As the US presidential election approaches, the allies of the candidates, Trump and Kamala Harris, are redoubling their efforts to ensure their champion triumphs. In this electoral frenzy, the crypto industry is moving. A major player in this momentum is Chris Larsen, co-founder of Ripple, who recently injected $10 million in XRP to support the vice president's campaign. This commitment illustrates the growing intersection between politics and cryptocurrencies.
Ripple, the technological support of Kamala Harris?
Chris Larsen is no stranger to financial contributions as he has already awarded a sizable crypto donation to the Democratic candidate. With an additional donation of $10 million in XRP at Future Forward PAC, he's making sure Harris' voice carries in this election. By evoking A ” new model of technological innovation »he emphasizes the importance of crypto in the American economic landscape.
To give some insight into the impact of campaign contributions, here are some telling numbers:
- $100 million: amount raised by Future Forward last month;
- 10 million dollars: contributed by Larsen in his latest donation;
- 1.7 million XRP: value of Larsen's first contribution in August.
Brad GarlinghouseCEO of Ripple, also commented on these events, saying that Larsen's commitment proves the importance of crypto in the political debate. “ We must change course in the face of this misguided war on crypto “, he stressed.
Kamala Harris must therefore deal with financial support which hopes to strengthen her position in terms of crypto regulation.
A crypto community in turmoil
The crypto community is also working to support its own interests as the elections approach. As Harris begins to unveil his plans for the American crypto ecosystem, Trump is shaking the strings of the sector with pledges of support.
Its image, favorable to cryptocurrencies, allowed it to raise significant funds. The current dynamic could tip the election, with an electorate passionate about technological innovation and the possibilities offered by blockchain.
In this fierce struggle, crypto players hope to ininfluence the future legislative framework. If Kamala Harris wants to catch up with Trump in the crypto space, she will not only have to woo voters, but also prove her ability to advocate for pro-cryptocurrency policies.
As Larsen says, “ it's time for Democrats to take a new approach “.
Finally, even if the excitement around crypto contributions is growing, we must not forget that Elon Musk, despite his interest in innovation, chose a more classic method to swing the elections in favor of Trump: distributing checks of a million dollars.
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