Ripple Co-Founder Donates Nearly $10M to Kamala Harris

In September 2024, Chris Larsen, Co-Founder of Ripple, made a series of large donations to Future Forward, a super PAC supporting Vice President Kamala Harris. According to official filings, Larsen contributed three separate donations totalling $9.89 million in cash to the PAC. Furthermore, data also show additional $1 million donation made in XRP in August, pushing the total donation above $10 million.

🚨NEW: In the month of September, @Ripple co-founder @chrislarsensf gave three separate donations totaling nearly $10M to Future Forward, the super PAC supporting @KamalaHarris. The donations were in cash and made in addition to the $1M $XRP he donated to the PAC in August.… pic.twitter.com/i3gSg3ha5T

— Eleanor Terrett (@EleanorTerrett) October 21, 2024

Real Intention Behind Ripple Co-Founder’s Support

Larsen’s contributions have erupted at a crucial point as crypto regulation take the center stage in the 2024 election cycle. His donation may be seen as an effort to back a candidate but the real intention remains unclear. It is well known fact that her team had reached out to crypto enthusiasts in order to learn more about crypto. From this fact it is being speculated that Kamala Harris might have met up with Chris Larsen to discuss her future crypto plan. So is there something that Larsen knows about Kamala Harris’s crypto plan which has led to these heavy donations?

Polymarket Odds Paint a Different Picture

Despite the significant financial backing from Larsen, Vice President Harris still faces challenges in gaining public support. According to Polymarket, a online prediction market, Harris is currently favored by only 37.5% of users to win the 2024 election, indicating that even major contribution are not translating into strong betting odds.

The ripple effect of Larsen’s donations remains yet to be seen, but it indicates the growing role of tech and crypto leaders in political campaigns. Whether Larsen’s financial support improves Harris’s standing in the polls is still uncertain, particularly given the current situation in the prediction market.

Also Read: WazirX Reportedly Moved $72.13 Million in Crypto to Bybit Post-Hack