Ripple Labs co-founder Chris Larsen has donated $1 million worth of XRP cryptocurrency to a Democrat-aligned political action committee (PAC) in support of U.S. Democratic presidential nominee Kamala Harris.
The blockchain technology executive donated 1,754,815.29 XRP, worth a round $1 million, on August 14, according to an FEC filing released this week. The funds were funneled through Future Forward USA, a Democratic Party-aligned super PAC that has raised more than $200 million during the 2023-24 election cycle, campaign finance nonprofit Open Secrets’ data shows.
Larsen has donated a total of $1.9 million to support Harris’ campaign as of publication time, per Open Secrets. That includes two separate donations to Future Forward in 2023 worth $250,000 and $500,000, respectively. In early 2024, the super PAC splurged more than $200,000 on a massive advertising campaign in support of the Democrats’ bid for the White House, the New York Times reported.
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Author: Liz Napolitano
