Ripple Co-founder Contributes $1 Million in XRP to Support Harris Campaign

Federal Election Commission (FEC) records reveal that Chris Larsen, Ripple co-founder and executive chairman, donated 1,754,815.29 XRP, worth $1 million at the time, to the Harris-Walz 2024 Presidential campaign. The contribution, made on August 14, 2024, was directed to the Future Forward PAC, a pro-Harris group, according to FEC filings. Eleanor Terrett, a Fox Business reporter, highlighted that this is the first recorded crypto donation supporting Harris.

In September, Future Forward PAC clarified that it had been accepting cryptocurrency donations for the Harris campaign after rumors incorrectly suggested the campaign itself was handling crypto donations directly.

As of October 2024, Future Forward has reportedly raised over $200 million in contributions, per FEC data.

Larsen wasn’t alone in his support for the Vice President. He joined 87 other corporate leaders in signing a letter backing Harris. The letter emphasized the confidence the business community has in Harris, stating:

“With Kamala Harris in the White House, the business community can be confident that it will have a President who wants American industries to thrive.” The letter also noted that “Vice President Harris has a strong record of advancing actions to spur business investment in the United States.”

Harris attempts to court the crypto industry

Around the same time, various crypto advocacy groups and industry leaders banded together to raise $100,000 for the Harris campaign, aiming to sway her stance on U.S. digital asset regulation. The crypto community hoped their financial support would encourage Harris to rethink the administration’s somewhat adversarial approach to the cryptocurrency industry.

In response to growing pressure from the crypto sector, the Harris campaign made its first official statement on digital assets in late September, saying:

“We will partner together to invest in America’s competitiveness, to invest in America’s future. We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”

However, the statement largely echoed previous policy positions made by the Biden administration earlier in May 2024, without signaling any substantial shift in approach.

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