The cryptocurrency community is buzzing after Ripple co-founder Chris Larsen pledged as much as $10 million to support Vice President Kamala Harris’ campaign. Before this major donation, Larsen had contributed a total of about $1.9 million to Harris’ campaign, both directly and through a super PAC called Future Forward. His latest commitment, announced on Monday, has raised eyebrows among social media users and XRP enthusiasts.
Many wonder why Larsen would make such a significant donation just weeks before the election. Some users on Roundtable founder James Heckman suggested the election may already have been decided.
In an interview with Altcoin Daily: James said, “Blackrock knows something. Second, Ripple’s founder knows something. In other words: why so close to the election if it makes no difference at all. The elections are over. I mean, the ballots are like, you’re pouring in, why would you put yourself up and basically humiliate yourself in front of a libertarian crypto audience unless you know you’re playing defense.
This situation has led to discussions about whether Larsen’s actions indicate his confidence in Harris’ chances of winning. If Harris wins and implements favorable policies for the cryptocurrency sector, could this boost XRP’s prospects? While it may take some time for a new administration to change regulations, many believe Larsen’s support is a sign of optimism about the future of XRP.
However, Ripple’s CEO Brad Garlinghouse responded positively to Larsen’s latest contributions. “I respect Chris’s (and everyone else’s) right to support whoever they think is best to lead the US,” he wrote on X.
