YEREVAN (CoinChapter.com) — According to the Federal Election Commission (FEC), Ripple co-founder Chris Larsen donated 1,754,815.29 XRP, valued at $1 million at the time, to the Harris-Walz 2024 Presidential campaign. The donation, made on Aug. 14, 2024, went to the pro-Harris Future Forward political action committee (PAC). This is the first documented crypto donation to Kamala Harris’s campaign, as reported by Fox Business journalist Eleanor Terrett.
$1 Million XRP Donation from Ripple’s Chris Larsen to Kamala Harris. Source: @EleanorTerrett
Future Forward PAC confirmed in September 2024 that it accepts cryptocurrency donations for the Harris campaign. This clarification followed previous reports that mistakenly claimed the campaign itself was accepting crypto donations directly. As of October 2024, Future Forward has collected over $200 million in contributions.
Chris Larsen’s $1 Million XRP Donation Detailed in FEC Filing. Source: FEC.gov Corporate Leaders, Including Larsen, Show Support for Kamala Harris
Chris Larsen’s donation aligns with broader support from U.S. business leaders. In September 2024, he joined 87 corporate executives in pledging their backing for Kamala Harris. The group expressed confidence in her potential to support American industries if elected. The executives emphasized that Harris has a strong record of advancing policies to encourage business investment in the United States.
Top CEOs Back Harris: Former Leaders of PepsiCo, Lyft, and More. Source: CNBC Crypto Industry Eyes Harris’s Digital Asset Stance
Moreover, the cryptocurrency sector has also been active in influencing Harris’s approach to digital asset policies. In September 2024, crypto advocates and executives raised $100,000 to sway her position on U.S. digital asset regulations. Above all, the industry hopes for a shift from the current administration’s stricter stance on cryptocurrencies.
In response, Harris’s campaign issued its first statement on digital assets in late September 2024. The statement emphasized investing in technologies like artificial intelligence and digital assets while ensuring consumer protection. However, this response echoed an earlier statement from the Biden administration in May 2024, suggesting no major policy changes for now.
Biden Vetoes SAB 121 Repeal, Faces Crypto Industry Criticism. Source: Blockchain Association
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