The Ripple co-founder’s $10 million donation to Harris is raising eyebrows

The cryptocurrency group is buzzing after Ripple co-founder Chris Larsen pledged as a lot as $10 million to help Vice President Kamala Harris’ marketing campaign. Earlier than this main donation, Larsen had contributed a complete of about $1.9 million to Harris’ marketing campaign, each straight and thru a brilliant PAC known as Future Ahead. His newest dedication, introduced on Monday, has raised eyebrows amongst social media customers and XRP lovers.

Many surprise why Larsen would make such a big donation simply weeks earlier than the election. Some customers on Roundtable founder James Heckman recommended the election might have already got been determined.

In an interview with Altcoin Daily: James stated, “Blackrock is aware of one thing. Second, Ripple’s founder is aware of one thing. In different phrases: why so near the election if it makes no distinction in any respect. The elections are over. I imply, the ballots are like, you are pouring in, why would you place your self up and mainly humiliate your self in entrance of a libertarian crypto viewers until you are enjoying protection.

This example has led to discussions about whether or not Larsen’s actions point out his confidence in Harris’ probabilities of profitable. If Harris wins and implements favorable insurance policies for the cryptocurrency sector, may this increase XRP’s prospects? Whereas it might take a while for a brand new administration to alter laws, many consider Larsen’s help is an indication of optimism about the way forward for XRP.

Nevertheless, Ripple’s CEO Brad Garlinghouse responded positively to Larsen’s newest contributions. “I respect Chris’s (and everybody else’s) proper to help whoever they suppose is greatest to guide the US,” he wrote on X.