In the clip, Larsen walks through exactly how XRP functions as a bridge asset between currencies, and why that design addresses a longstanding problem in international finance.

The Problem With Traditional Systems

Moving money across borders has historically required banks to hold large amounts of pre-funded capital in foreign accounts. That capital sits idle, ties up resources, and adds cost. Larsen’s presentation laid out how Ripple built xRapid, a component of RippleNet, to solve that directly.

“It allows payment providers to lower the cost of liquidity for their global payments,” Larsen said.

THIS IS WHY XRP MATTERS!

A Ripple presentation demonstrated how XRP could provide liquidity for cross-border transactions between major banks.

Instead of locking up enormous amounts of capital in advance, XRP could serve as a bridge asset.

This technology was designed to…

— John Squire (@TheCryptoSquire) October 23, 2026

How the Process Works

Larsen gave an example. A customer visits a remittance company in the United States. The company converts those dollars into XRP through Bittrex, an exchange. XRP settles the transaction in seconds. On the other end, Bitso, an exchange operating in Mexico, converts XRP into Mexican pesos.

A Mexican bank then receives the funds and deposits them into the customer’s account through Mexico’s real-time payment system. The entire process, according to Larsen, takes one to two minutes. Traditional cross-border transfers can take days. This system solves a real problem for banks.

Banks that use older methods often charge customers for settlement risk, even when the transfer appears faster on the surface. “This now allows payment providers, banks, and their customers to move value in one to two minutes versus days,” Larsen said.

XRP’s Role as a Bridge Currency

A key detail in Larsen’s explanation is that banks do not need to hold XRP themselves. The asset functions as a bridge currency that enables conversion between two fiat currencies without requiring direct liquidity between them. The bank sends dollars, XRP handles the bridge, and pesos arrive on the other side.

That design reduces the capital requirements for financial institutions participating in cross-border transactions. It replaces the need for nostro and vostro accounts, which are pre-funded accounts banks maintain in foreign currencies to facilitate international transfers.

Why Squire Highlighted the Video

Squire shared the clip with the caption, “This technology was designed to solve a real financial problem.” His post emphasized that XRP’s use case is not speculative. The infrastructure Larsen described in the presentation exists to address inefficiencies that financial institutions deal with in real payment flows.

The presentation shows Ripple’s stated intent from the beginning. XRP was built to move value quickly and cheaply between currencies at a global scale.

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 advised to conduct thorough 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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Crypto enthusiast XRP Olesya laid out the scenario in an X post. At $1,000 per XRP, Larsen’s wealth would eclipse every existing billionaire on the planet. But Olesya took the analysis further, estimating what the price target could mean for the broader holder base.

She projected 300 to 500 new billionaires, 10,000 centimillionaires, 100,000 decamillionaires, and 500,000 millionaires, assuming holders do not sell their XRP before it reaches that price level.

Wait….Chris Larsen holds 2.53B $XRP. If the price per #XRP goes to $1,000, he will be worth $2.53 Trillion. Chris Larsen will be the world's first Trillionaire. Not only that, but if no one sells any of their $XRP, here is the estimated list of new billionaires and… pic.twitter.com/usDIUipR5H

— XRP Olesya (@Olesya_rose) October 20, 2026

The Sell Pressure Problem

That last condition is where the conversation gets complicated. Commenter Mark Parker challenged the assumption directly. “No one is ever going to hold all of their XRP until it goes to $1,000,” he wrote, adding that sellers would exit “at every level” as price climbed through $50, $150, $275, and $500. His argument is straightforward: sustained holding discipline across millions of participants is unlikely at those valuations.

The Crypto Commentator pushed back on the exercise itself. “Can you finally see how absurd these valuation ‘predictions’ are,” he wrote.

Historical Context and Skepticism

Not everyone approached the discussion with measured skepticism. Commenter JC was unambiguous. “Come now let’s be real. $1000 is never ever happening,” he wrote, noting XRP has not reached $5 in its 17-year existence.

That historical point carries weight. XRP reached its all-time high near $3.84 in January 2018. It has not come close since. The gap between current prices and a $1,000 target represents a move of several orders of magnitude.

What the Numbers Actually Show

The figures in Olesya’s projection come with significant assumptions attached. The Forbes-cited data sourced from XRPL rich lists and public disclosures notes that some figures are approximate and based entirely on a hypothetical $1,000 price. Brad Garlinghouse’s holdings, for example, are listed as unknown. Gregg Kidd’s 1 billion XRP figure is labeled as an option, not a confirmed holding.

The exercise is speculative by design. Its value is in illustrating concentration. A small number of early holders and insiders stand to gain disproportionately if XRP ever reaches that price level. Whether the price ever gets there is a separate question entirely — and one the market has not answered in 17 years.

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 advised to conduct thorough 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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Larsen’s Comments on XRP

Larsen identified a technical characteristic that no traditional financial instrument carries. “As a currency without a counterparty, it is a completely unique thing in the protocol,” Larsen said. In traditional finance, every asset carries counterparty risk. Banks, market makers, and settlement systems all require both parties to carry exposure to each other. XRP eliminates that variable.

“The world only has to think about one thing… the price in any microsecond in time. You never have to think about the counterparty risk.” One variable and no exposure to a third party failing, defaulting, or freezing assets.

Whats the core value of XRP?

Math based currency that has utility like no other asset before while preserving properties of a commodity.

We are adding best in class features to XRP that bring real financial use cases to market.

We are integrating XRP into every platform and…

— Vet (@Vet_X0) September 24, 2026

The Importance for Market Makers

Larsen’s argument centers on market makers specifically. These entities facilitate exchanges of value across currencies, merchant reward points, airline miles, commodities, and other assets. He posited that most market makers will ultimately choose XRP as the bridge asset, because it removes the counterparty variable entirely.

This is not a speculative claim about price. It is a structural claim about efficiency. A market maker using XRP to settle a transaction between two different asset classes does not need to account for the creditworthiness of the currency itself. The math handles it.

The Validator’s Point

Vet’s post reinforces this logic directly. XRP operates at the settlement layer of the XRP Ledger. It is being integrated into financial platforms and business systems to create real utility. The goal is to position XRP as the neutral currency that connects every system where value moves.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

The term neutral currency is important here. XRP does not belong to any government or banking institution. It functions as a settlement layer asset that any participant can use without taking on exposure to any issuing authority.

A Property That Has Never Existed Before

Larsen is direct about the historical significance: “That is a completely unique thing that’s never existed before.” That claim is notable when applied to real financial transactions at scale.

The XRP Ledger was built to settle transactions between any two asset classes at speed, without counterparty exposure. Vet’s post implies this argument hasn’t changed, and the platforms and systems integrated with XRP today are a direct extension of what Larsen described.

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 advised to conduct thorough 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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The post points to differences in speed, functionality, and supported features as factors that could allow XRP to grow faster than Bitcoin.

Seer’s post specifically links Larsen’s comments about XRP’s development with Schwartz’s view on whether XRP could flip Bitcoin. The two videos attached to the post focus on the technical and functional differences between the two digital assets.

Listen closely to what Ripple Co-Founder Chris Larsen has to say about XRP

Remember what @JoelKatz said a few days ago when asked if he actually believes XRP can flip Bitcoin?

It would happen from XRP growing faster than Bitcoin because of its speed and greater… pic.twitter.com/L5UHDVNd9j

— Seer (@xrp_seer) September 12, 2026

Larsen Discusses the Development Behind XRP

In the first video, Larsen explains the thought that influenced the creation of XRP. He recalls a group of highly skilled individuals who sought to develop what he described as a better version of Bitcoin.

“A couple of years after that, there was a group of really, really smart people, way smarter than I, that I got together with, and basically they’re trying to create a better Bitcoin, if you will,” Larsen said.

He explained that the goal involved creating a non-government online currency while addressing some of the limitations associated with Bitcoin’s design.

Larsen specifically mentioned energy consumption, speed, and transaction capacity. He said the group wanted an asset that “didn’t burn a lot of electricity” while also being “sort of faster and had more flow through.”

He added that many entrepreneurs entered the industry after that period.

Schwartz Says XRP Could Surpass Bitcoin

The second video features Schwartz during an X Space, where he was asked whether he believed XRP could actually flip Bitcoin.

“Yeah, I do,” Schwartz responded.

However, he explained that outcome would not require Bitcoin to decline. Instead, he said XRP could reach that position by growing faster than Bitcoin.

“But I think it wouldn’t happen from Bitcoin shrinking. It would happen from XRP growing faster than Bitcoin,” Schwartz said.

Schwartz also described a future in which digital assets rose across the market. He said major assets could continue growing substantially, while some smaller projects could disappear.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

Higher Functionality At The Center Of The Thesis

Schwartz linked XRP Ledger’s potential growth to its speed, functionality, and ability to support features that Bitcoin cannot. He said XRP Ledger could capture more of the growth in digital assets because of these characteristics.

“And the XRP Ledger gets more of that growth because of its higher functionality and/or higher speed and/or people are interested in features that Bitcoin can’t support,” Schwartz said.

Seer’s post uses these comments to support the idea that XRP could eventually overtake Bitcoin through stronger growth rather than Bitcoin losing value. The thesis therefore depends on XRP expanding its adoption and market presence faster as digital asset markets continue to develop.

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 advised to conduct thorough 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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Larsen helped build one of the most discussed assets in digital finance, and his account of how XRP came to exist tells a story that many investors are now revisiting.

The Vision Behind XRP

In the video, Larsen describes the period after Bitcoin emerged as a turning point. He recalls gathering with a group of highly capable individuals who set out to create something more efficient. He stated that they aimed to build a better Bitcoin.

He describes the goal as developing “a non-government online currency” that consumed far less electricity, operated faster, and offered greater throughput than Bitcoin. Larsen makes clear that this was a deliberate engineering mission, not a reaction to Bitcoin’s popularity. The people involved saw specific limitations and built XRP to address them directly.

Remember when Ripple Co-Founder Chris Larsen admitted that XRP was strategically designed to build „a better Bitcoin“ $XRP will be bigger than Bitcoin ever was! pic.twitter.com/D4lNio6VqM

— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) September 3, 2026

XRP Will Be Bigger Than Bitcoin

Amelie published the clip with a bold declaration. XRP has numerous advantages over Bitcoin, and Amelie stated that the digital asset will be bigger than Bitcoin ever was. Her post directed attention to Larsen’s own characterization of XRP’s founding purpose.

The timing links to a growing conversation about XRP’s role in the current market. Larsen’s statement gives that conversation a concrete foundation. XRP was not built to mirror Bitcoin. It was built to improve on it, and many market experts believe XRP can surpass Bitcoin.

Bitcoin as a Store of Value

One community member offered a perspective on Bitcoin’s current market standing. He acknowledged owning Bitcoin but argued that it lacks meaningful utility and cannot scale to meet demand. In his view, Bitcoin has settled into a role similar to gold, functioning primarily as a store of value rather than an active medium of exchange.

That view strengthens Amelie’s argument. If Bitcoin has reached the limits of its utility, then XRP’s original mission becomes more relevant.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

A Founding Statement Worth Noting

Larsen’s description of XRP’s origins is not new information. But hearing it in his own words gives it a different quality. He was present at the founding and understood the intent. XRP was built for speed, efficiency, and real-world flow. That purpose has not changed, and for a growing number of investors, it is exactly what they are looking for.

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 advised to conduct thorough 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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The tweet focused on former Ripple co-founder Jed McCaleb, who moved 266,305,309 XRP, valued at approximately $148 million at the time, from the Jed McCaleb Settlement account to his wallet. This transaction was originally flagged and reported by Whale Alert, a well-known blockchain tracking account.

In his post, Dark Defender highlighted that the event, which some at the time viewed as potentially bearish due to its size, had no significant long-term impact on the performance or price structure of XRP.

Dark Defender emphasized that if McCaleb had retained that amount of XRP instead of selling, it would be worth approximately $940 million today, based on recent market valuations. This historical reflection served as a central argument in his broader point about market resilience.

Contextualizing the Chris Larsen Reference

The post by Dark Defender was partly prompted by renewed discussion surrounding a Ripple co-founder, Chris Larsen. Recent reports indicated that Larsen had sold XRP worth $175 million.

Dark Defender drew a parallel between that sale and McCaleb’s 2020 activity, but stressed that McCaleb’s large sale had not undermined XRP’s longer-term performance. He concluded that there was no reason for concern regarding large token movements by major early holders, using the 2020 event as a reference point.

I saw people talking about the news that Chris Larsen sold his XRP for $175 million.

This reminded me that Jed McCaleb, who sold his 266M XRP for $148 million on 9-Dec-2020

If Jed had not done that, he would have had around USD 940 million in his pocket now.

This means XRP… pic.twitter.com/NBeJZvdKwy

— Dark Defender (@DefendDark) July 25, 2025

Dark Defender’s analysis was based on the observation that the XRP market, both in terms of liquidity and structural strength, appeared unaffected by what was then considered one of the largest individual XRP sales. The implication was that fears related to the influence of whale movements, particularly from Ripple-affiliated entities or individuals, may be overstated.

Reactions from the XRP Community

The post attracted responses from other users within the XRP community. One user, under the handle Joeplatform, contended that the 2020 transaction was merely a transfer and not a confirmed sale.

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This assertion appears to be directed at the tweet by Whale Alert, which explicitly labeled the movement as a transfer from a settlement account to a personal wallet. However, Dark Defender maintained that the funds were subsequently sold, consistent with historical patterns in McCaleb’s account activity during that period.

Another user, BeethovenEcho, characterized the situation as a demonstration of XRP’s resilience. They noted that despite the substantial volume involved in the McCaleb sale, there was no major disruption in market price or structure. This, they suggested, reinforced the idea that XRP’s price behavior is influenced by broader market factors rather than isolated large transactions.

Dark Defender’s Conclusion

Dark Defender concluded that the fears surrounding major XRP sales, particularly from early figures like Jed McCaleb or Chris Larsen, are largely unfounded. By referencing an actual historical event and juxtaposing it with current sentiment, he aimed to reassure the community about the robustness of XRP in the face of perceived selling pressure.

While some users disagreed with the exact nature of the transaction in question, the core point raised by Dark Defender—that the market did not react with sustained negative movement following the 266 million XRP transfer—stood uncontested. The analyst used this example to argue that the XRP ecosystem has matured in such a way that it can absorb major asset movements without structural instability.

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 advised to conduct thorough 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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Ripple and its executives have dealt with accusations of sell-offs for years. However, while the size of the transaction has sparked concerns, many XRP supporters argue that this development should be assessed within a broader and more nuanced context.

Concerns About Larsen’s XRP Sales

The data was highlighted by Maartunn (@JA_Maartun), a market watcher on X, who included a chart tracking Larsen’s XRP wallet activity over time. The visual shows a notable decline in the address balance, aligning with the reported $200 million sale.

Critics argue that such large-scale sales could negatively impact XRP’s price, with Maartunn suggesting that individual holders may be acting as “exit liquidity” for early investors, such as Larsen.

Like Ripple’s co-founders, Larsen received a large number of tokens at launch, and other executives, such as David Schwartz, who did not receive the same, still bought their tokens very early. This has led some to question the long-term commitment of Ripple’s leadership to the asset and its community, as they believe Ripple may be dumping XRP on the community.

Chris Larsen (Ripple co-founder) just dumped ~$200M worth of XRP in the past 10 days.

Still buying?
You're the exit liquidity.
He's dumping on you.

Think twice. pic.twitter.com/9nLOPI3V6Y

— Maartunn (@JA_Maartun) July 24, 2025

XRP Army Stands Strong

Despite these concerns, multiple XRP advocates have defended the sale. By releasing large amounts of XRP into the market, early holders like Larsen contribute to greater liquidity, which can facilitate wider distribution and access to the asset.

Crypto Bitlord, who recently and accurately predicted the crypto market’s trajectory, weighed in, suggesting that allowing more XRP to circulate at lower prices benefits new investors by making the asset more affordable, viewing the sale as a favour rather than a betrayal.

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Furthermore, XRP’s recent market performance remains strong. One commenter emphasized that XRP reached a new all-time high this month despite the sale, indicating that the broader market remains confident in the token’s value and potential.

Comparisons were also made to other high-profile asset sales by company executives. One community member referenced historical stock sales by Meta CEO Mark Zuckerberg, noting that such moves are common among founders and do not necessarily signal loss of faith.

He argued that XRP’s market presence now exceeds that of any individual, including Larsen, making his recent activity less consequential in the grand scheme.

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 advised to conduct thorough 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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Since Election Day, the token’s price has increased by over 400%, reaching $2.86, its highest value since the cryptocurrency boom of 2017-2018. This rally has also driven Ripple Chairman Chris Larsen’s net worth to $9.2 billion, up from $3.3 billion, marking a substantial increase of 270%.

XRP’s Market Performance and Criticism

XRP’s current market valuation stands at $138 billion, reflecting growing investor optimism. However, skepticism about its utility persists. A Times Tabloid report earlier this year highlighted Forbes’ mention of XRP as a “Zombie Blockchain,” noting that despite its market size, it has failed to achieve its intended purpose of replacing SWIFT in global interbank transfers.

Legal Challenges and Regulatory Developments

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) remains a focal point for the cryptocurrency’s future.

In December 2020, the SEC filed a lawsuit alleging that Ripple conducted a $1.3 billion unregistered securities offering through the sale of XRP tokens.

While Ripple achieved a partial victory in July 2023, Judge Analisa Torres ruled that retail sales of XRP through exchanges did not violate securities laws. However, institutional sales of XRP were deemed unlawful under U.S. securities regulations.

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The legal uncertainty surrounding XRP has been a significant hurdle, but recent political changes have renewed optimism. With Gary Gensler, who became a prominent adversary of the crypto industry during his tenure as SEC Chairman, set to resign in January 2025, speculation about a more crypto-friendly regulatory approach under the Trump administration has grown.

Investors are betting on XRP’s potential to benefit from a pro-crypto regulatory environment under the new administration. Many in the industry expect the incoming SEC chair to prioritize resolving XRP’s legal challenges, which could pave the way for spot exchange-traded funds (ETFs) tied to the token.

Implications for XRP

The resolution of the SEC case could remove a major obstacle for XRP, providing clarity and potentially unlocking additional institutional investment. A clean regulatory slate would likely boost XRP’s adoption and cement its position in the cryptocurrency market.

Chris Larsen’s substantial financial gains underline XRP’s impressive performance and its evolving narrative in a shifting regulatory landscape. While challenges persist, the coming months may prove pivotal for XRP.

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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In his analysis, McCaleb emphasized the platform’s practical utility, technical innovations, and mission-driven approach, which he believes set it apart from other blockchain projects.

High Transaction Volumes and Real-world Applications  

Stellar consistently handles more daily transactions than most blockchain networks, with volumes reportedly ten times higher than Ethereum. According to McCaleb, this performance is due to the token’s active use in real-world transactions, unlike many other projects that struggle to achieve widespread adoption.

McCaleb highlighted Stellar’s streamlined design, which integrates essential features directly into the platform. These include stablecoin issuance, token creation, and a decentralized exchange. This functionality simplifies the process for businesses and developers, making the asset an adaptable and efficient blockchain solution.

Secure Smart Contracts with Soroban

Another standout feature is its smart contract platform, Soroban. Designed for efficiency and security, Soroban addresses common vulnerabilities like reentrancy issues, ensuring safer smart contract implementation. This feature reflects the company’s commitment to delivering reliable tools for developers.

McCaleb pointed to Stellar’s minimal transaction fees as a major advantage. Its cost-effective infrastructure allows users to execute transactions at negligible rates, making it a competitive option for personal and business financial activities.

According to McCaleb, the asset’s technical foundation is built on world-class engineering principles. Additionally, its detailed and easy-to-follow documentation has been recognized as one of the best in the blockchain industry. These resources empower developers to build applications efficiently, fostering growth and innovation within the ecosystem.

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One of the company’s core missions is to enhance financial access for underserved populations. McCaleb emphasized that the platform is designed to facilitate affordable asset transfers and provide financial services to those in regions with limited banking infrastructure. This focus on inclusivity distinguishes it from competitors.

Stellar’s native token, XLM, has shown remarkable performance in recent weeks, with its price surging by 478% in November alone. This growth pushed XLM to $0.65, a level not seen since May 2021. The significant price increase demonstrates strong market interest in the token.

Ripple Effect of Regulatory Changes

The resignation of SEC Chair Gary Gensler has created renewed interest in cryptocurrencies associated with McCaleb. Regulatory challenges tied to XRP, stemming from the SEC v. Ripple case, had previously suppressed its price. Following Gensler’s resignation, XRP experienced a 130% rise in value this year. XLM, often seen as a rival to XRP, has outperformed it.

McCaleb believes the asset is uniquely positioned to address critical challenges in digital payments. Its ability to offer cost-effective and scalable solutions to individuals and businesses demonstrates its long-term potential.

With a focus on real-world utility and financial accessibility, the token is poised to maintain its relevance in the evolving cryptocurrency landscape.

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According to new data from Federal Election Commission (FEC) filings, crypto-related donations have now exceeded $200 million in support of various Political Action Committees (PACs), individual candidates, and political organizations.

This financial involvement reflects the industry’s increasing political influence and its stake in shaping regulatory landscapes that will impact crypto’s future in the United States.

Crypto Donations In Hundreds of Millions of Dollars

As observed by Fox Business journalist Eleanor Terrett, some of the most substantial donations in this election cycle are directed toward Vice President Kamala Harris and former President Donald Trump. On the Democratic side, Ripple co-founder Chris Larsen leads the donation list, contributing $11.7 million to support Harris.

This makes him the largest single donor from the crypto industry in the 2024 presidential race. His substantial donation highlights Ripple’s vested interest in influencing regulatory developments favorably for digital assets and blockchain.

Larsen advocates for clearer and more constructive regulation surrounding digital assets, especially as Ripple remains embroiled in its high-profile legal battle with the U.S. Securities and Exchange Commission (SEC).

His substantial financial contribution to Harris’s campaign suggests that he believes the current administration might offer a more supportive regulatory framework for crypto and blockchain technologies.

Prominent venture capitalist and blockchain investor Vinod Khosla has also aligned with Harris, donating $1 million.

Known for his investments in blockchain and other tech sectors, Khosla’s support signals a broader appeal among crypto investors toward the Democratic ticket in hopes of fostering a more favorable business environment for emerging technologies. Similarly, Reid Hoffman, an early investor in Coinbase, has contributed $250,000 to Harris’s campaign.

Crypto Industry Support for Trump Campaign

On the Republican side, former President Donald Trump has seen substantial financial support from various prominent figures in the crypto world. Howard Lutnick, a Bitcoin investor and advocate for Tether, has led donations of $6.4 million directed to Trump’s campaign.

The Cantor Fitzgerald CEO’s donation underscores the industry’s bid to rally support from both major parties, as regulatory clarity and favorable policies for cryptocurrencies remain the priority.

The Gemini exchange co-founders, Tyler and Cameron Winklevoss, have jointly contributed $2.04 million to Trump’s campaign. As early adopters and advocates of Bitcoin, the Winklevoss twins’ significant donations show their intent to support an administration that could ease current regulatory pressures on digital currencies.

Additionally, Jesse Powell, founder of Kraken, one of the largest U.S.-based cryptocurrency exchanges, contributed $844,943. Powell has been a vocal critic of regulatory overreach and is known for advocating for crypto-friendly legislation.

His donation and those of Bijan Tehrani (co-founder of Stake) with $852,396, Exodus CEO JP Richardson with $853,914, and entrepreneur Gary Cardone with $844,474 reflects a broad-based push from the industry to secure regulatory reforms and protect cryptocurrency’s role in the financial system.

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Crypto Industry’s Political Engagement and Goals

The crypto industry’s significant donations indicate a deliberate engagement with the political process. With regulatory frameworks still in flux, especially regarding matters such as securities laws, stablecoins, and decentralized finance (DeFi), the industry appears keen to back candidates for regulatory clarity.

The industry’s considerable support reflects the desire to influence policies that could limit or enable the industry’s growth, depending on regulatory outcomes. These donations mark a shift as cryptocurrency executives aim to ensure their interests are represented amid an intensifying regulatory environment.

With bipartisan support from high-profile individuals across both parties, the crypto industry is positioning itself as a serious stakeholder in shaping the future of digital asset regulation. This election cycle may prove pivotal as the resulting administration will play a significant role in determining the course of crypto-related policies in the United States.

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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