The presidential elections next November in the United States are taking an unexpected turn, with crypto putting its fingerprints on it. Both candidates, Donald Trump and Kamala Harris, are openly courting the crypto community. And for good reason: digital assets are becoming a major issue, both economic and political. At Harris, support is becoming clearer, notably with the donation of one million in XRP from Chris Larsen, co-founder of Ripple.
Ripple: support shown for Harris
In early September, Kamala Harris claimed to accept Bitcoin donations through Coinbase. Strangely, on August 14, 2024, Chris Larsen, co-founder and executive chairman of Ripple, performed a donation of 1,754,815.29 XRP, or one million dollars at the timeto the Future Forward political action committee, which supports Kamala Harris' campaign. This gesture mark it first contribution in crypto to the Democratic candidate's campaign, according to Federal Election Commission (FEC) records.
For Larsen and his acolytes, it is clear that Harris represents hope for American industriesas evidenced by a letter signed by 87 business leaders, stating:
“ With Kamala Harris in the White House, the business world can expect a president eager to help America's industries thrive. »
- The XRP donation represents $1 million at the time of contribution;
- Future Forward has raised more than $200 million in contributions to date;
- Harris' campaign had to clarify that she was not receiving crypto directly.
Crypto in search of political development
THE Harris campaign's efforts to woo the crypto industry didn't stop there. In September, crypto advocacy groups and industry executives gathered $100,000 to influence the candidate’s position on digital assets.
At that time, Harris broke her silence on crypto, affirming her intention to support technological innovation in the United States, including digital assets. However, this declaration did not bring a radical change from the existing policy of the administration in place, which has already been skeptical of cryptocurrencies.
While at Ripple, the elites, imitating the CEO who formalized his support in September, swear by Kamala Harris, at Gemini, we prefer Trump. The choice of each camp already seems well established in the race for the White House.
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