Ripple Labs co-founder Chris Larsen has significantly increased his backing of Democratic presidential nominee Kamala Harris, making headlines with substantial donations over the past month. 

In a recent announcement, Larsen disclosed a $10 million donation in XRP to Harris’s campaign, following a previous contribution of $1 million worth of XRP to Future Forward, a super political action committee (PAC) supporting her candidacy.

Larsen’s $10 Million XRP Donation 

In a post on X (formerly Twitter), Larsen expressed his belief that the Democratic Party needs a fresh approach to technology and innovation, particularly regarding cryptocurrency, he stated: 

I believe Kamala Harris will ensure that American technology dominates the world, which is why I’m donating $10M in XRP in support of her.

Larsen’s support for Harris is not new. Earlier this year, he made the maximum personal contribution of $6,600 to her campaign, a $100,000 donation, and most recently donated $1 million in XRP to the Harris Action Fund PAC. 

In total, the Ripple executive’s contributions in support of Harris now total approximately $11.9 million, including both direct donations and those made through PACs.

Despite his strong support for Harris, Larsen’s advocacy comes against the backdrop of Ripple’s ongoing legal battle with the US Securities and Exchange Commission (SEC). 

Ripple Seeks Regulatory Clarity

The lawsuit has become a focal point in the cryptocurrency industry, with many voices calling for regulatory reform and a change in leadership at the SEC under the Biden administration—an area where Harris has significant influence.

While

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Author: Ronaldo Marquez