Ripple Cofounder’s $10M Donation to Harris Raises Eyebrows

The cryptocurrency community is buzzing after Chris Larsen, co-founder of Ripple, pledged a staggering $10 million to support Vice President Kamala Harris’s campaign. Before this big donation, Larsen had contributed a total of approximately $1.9 million to Harris’s 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 are questioning why Larsen would make such a significant donation just weeks before the election. Some users on X speculate that he might already have details into the election’s outcome. James Heckman, Founder of Roundtable, suggested that the election may already be decided.

In an interview with Altcoin Daily, James said, “Blackrock knows something. Secondly, the Ripple founder knows something. In other words, why so close to the election when it doesn’t make any difference at all. The election’s over. I mean the ballots are like streaming in, why would you put yourself up and be and and and essentially 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 hint at his confidence in Harris’s chances of winning. If Harris does win and implements favorable policies for the cryptocurrency sector, could this boost XRP’s prospects? While it may take time for any new administration to change regulations, many believe that Larsen’s backing signals optimism for XRP’s future.

However, Ripple’s CEO Brad Garlinghouse had a positive reaction to Larsen’s latest contributions.  “I respect Chris’ (and everyone’s!) right to support whomever they think is best to lead the U.S,” he wrote on X.