Ripple co-founder Chris Larsen has made headlines once again, this time with a notable $11 million donation to Vice President Kamala Harris’s campaign. As the cryptocurrency sector continues to navigate a turbulent regulatory environment, Larsen’s financial support signals both his political alignment and his long-term strategy for Ripple and the broader blockchain space. On the other hand, JetBolt (JBOLT) soars with over 40 million tokens sold since its presale launched in August 2024.
The Impact of Chris Larsen’s $11 Million Donation in the US Election on XRP
Ripple co-founder and chairman Chris Larsen generated buzz with another significant contribution to Vice President Kamala Harris’s campaign, donating an additional $10 million in XRP. This comes just two months after his initial $1 million donation, marking the first major cryptocurrency contribution to her presidential campaign.
In a post on X (formerly Twitter), Larsen highlighted his confidence in Harris’s leadership, particularly in advancing American dominance in technology, including the crypto space. He stated, “It’s time for the Democrats to embrace a new approach to tech innovation, including crypto. I believe Kamala Harris will ensure American technology leads on the world stage.”
Despite Larsen’s significant financial support, XRP has faced some challenges. At the time of writing, XRP is trading at $0.52, marking a 2.3% decline within the past week. The downward trend continues, with XRP down an additional 2.8% over the last 24 hours. This dip mirrors broader concerns in the market, as the ongoing legal battle between Ripple and the SEC continues to cloud investor confidence.
The legal woes have also contributed to a 9.22% slide in the asset’s value over the past month. With XRP’s price now hovering below $0.55, some investors are questioning its ability to recover. Analysts suggest that XRP needs to break above $0.56 to shift momentum in its favor and avoid further defensive pressure.
JetBolt Soars with its Breakthrough Technology
As XRP faces strong market resistance, JetBolt (JBOLT), an emerging altcoin in its presale phase, is drawing attention through its cutting-edge technology. With its innovative features that solve key Web3 challenges, JetBolt is capturing the attention of crypto whales.
One of JetBolt’s standout features is its zero-gas fee technology. Developed on the Skale network, JetBolt’s zero gas system eliminates costly fees that users often face with traditional blockchain networks. This gives JetBolt a competitive edge by providing a seamless, gas-free user experience that appeals to a wide range of crypto enthusiasts.
JetBolt’s AI-powered market insights tool provides real-time crypto news and analytics, giving users a significant advantage in the fast-paced world of crypto trading. By leveraging artificial intelligence, JetBolt’s system analyzes market sentiment and tracks price movements, supporting traders identify potential opportunities that may not be immediately visible,
Since its launch in August 2024, JetBolt’s presale has already hit impressive milestones, with over $370,000 worth of tokens sold. Adding to the excitement, JetBolt offers Alpha Boxes, which give early adopters up to 25% extra tokens, a tempting offer that has contributed to the growing buzz around this emerging altcoin. With its next generation platform and growing presale, JetBolt stands out as a top new altcoin in 2024.
Final Thoughts – Chris Larsen Donates to Kamala Harris While Whales Buy JetBolt
As Chris Larsen’s multi-million dollar XRP donation to Kamala Harris’s campaign garners attention, it highlights the growing influence of cryptocurrency in the political sphere. His backing not only underscores the potential role of crypto in shaping future tech policies but also raises questions about how these donations might impact broader market sentiment, especially as XRP navigates ongoing volatility. Meanwhile, JetBolt is making waves in the crypto world, with its presale surpassing milestones and showcasing the possibilities of new blockchain innovations.
Interested to know more about JetBolt? Check out the links below:
Website: jetbolt.io
X/Twitter Page: https://x.com/JetBoltOfficial
Telegram Channel: https://jetbolt.io/telegram
Source: https://www.crypto-news-flash.com/what-does-chris-larsens-multi-million-dollar-xrp-donation-mean-for-the-us-election-as-jetbolt-soars/?utm_source=rss&utm_medium=rss&utm_campaign=what-does-chris-larsens-multi-million-dollar-xrp-donation-mean-for-the-us-election-as-jetbolt-soars