The Influence Of The Crypto Community In Politics

A million dollar worth of XRP has just been donated by the co-founder of Ripple, Chris Larsen. The benefactor? The US presidential candidate Kamala

Kamala Harris, a candidate for the US presidency, has just received a million-dollar donation in XRP from Chris Larsen, the co-founder of Ripple. The donation is being made to Future Forward USA, a super PAC that supports Harris.

This donation marks the first time that a crypto donation has been officially documented. Larsen's donation is also significant because it highlights the growing influence of the crypto community in American politics. Both parties are now actively seeking crypto endorsements.

In an effort to rally their support, Harris has made efforts to involve the crypto community by embracing the Crypto4Harris movement, while remaining somewhat silent on the cryptocurrencies. Crypto donations are growing as it is gaining acceptance and regularization, with heavy hitters such as Larsen utilizing their bank balances as a way of forming the debate and policy.

This donation could have some bigger implications as blockchain and crypto company’s hand and involvement in US politics are growing. The industry is largely calling for more favorable regulations for digital assets, particularly as the struggle over legal and regulatory battles has been building up in the United States. Larsen’s contributions and other future ones are likely about building alliances and gaining a seat at the table when shaping future crypto policy, not checks.

This donation is sure to be a hot topic in the upcoming election, and it will be interesting to see how it affects Harris's candidacy.