Ripple CEO Reacts to Chris Larsen’s $10M In XRP Donation to Kamala Campaign

Teddy Schleifer, a reporter on X, recently shared that the big-money super PAC Future Forward raised over $100 million last month for Vice President Kamala Harris’ presidential campaign.

He detailed the contributions, which included multiple donations from interesting sources, and a notable $10 million from Chris Larsen.

Larsen’s support for Harris reflects his belief that her leadership will drive American technological innovation.

In his post on X, he stated that the time has come for Democrats to adopt a new approach to tech innovation. Larsen also revealed that he made his donation in XRP, similar to the $1 million donation he made previously.

Brad Garlinghouse Responds to Larsen’s Donation

Ripple CEO Brad Garlinghouse responded to Larsen’s post, highlighting the need for a shift in the current administration’s approach to crypto regulation. He stated, “We need to immediately change course from this administration’s misguided war on crypto.”

Garlinghouse emphasized that Ripple’s engagement with Democrats and Republicans aims to promote pro-crypto policies, stressing that the focus should be on policies that drive innovation rather than on partisan lines.

Garlinghouse’s remarks point to a broader necessity for regulatory frameworks that encourage technological advancements. He expressed a vision where bipartisan support can foster the growth of blockchain technology, ensuring the U.S. remains a leader in this sector.

The contributions from Larsen and other tech leaders to Future Forward highlight the increasing involvement of the tech sector in political advocacy. These donations are strategic investments aimed at shaping a favorable regulatory environment for emerging technologies.

Garlinghouse’s call for a change in course reflects a desire for a regulatory landscape that supports innovation and positions the U.S. at the forefront of the global digital economy.

Potential Impact of the U.S. Election

With the election just weeks away, the crypto community is excited for a change of administration. Donald Trump is the more outspoken pro-crypto candidate and began accepting crypto donations months ago. However, Harris has also shown a more lenient approach toward the crypto world.

With the way the race is shaping up, we could see a major shift after the election. Gary Gensler, the current SEC Chair is currently being investigated, and many expect him to be removed and potentially face consequences for the SEC’s disgraceful track record under him.

For the crypto industry, its future will be shaped by ongoing efforts to influence and engage with policymakers, emphasizing the need for regulations that support, rather than hinder, technological progress.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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