{"id":15521,"date":"2024-10-22T08:24:43","date_gmt":"2024-10-22T08:24:43","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=15521"},"modified":"2024-10-22T08:24:43","modified_gmt":"2024-10-22T08:24:43","slug":"crypto-community-baffled-as-ripple-co-founder-donates-10m-in-xrp-to-harris-presidential-campaign","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=15521","title":{"rendered":"Crypto Community Baffled as Ripple Co-Founder Donates $10M in XRP to Harris\u2019 Presidential Campaign"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Chris Larsen\u2019s substantial donation to Kamala Harris surprised pro-XRP individuals.
\nRipple CEO Brad Garlinghouse emphasized the company\u2019s neutrality, advocating for pro-crypto policies from both the Republican and Democratic parties.<\/p>\n

<\/a><\/p>\n

Support for the Democrats<\/h2>\n

The US presidential elections, scheduled for November 5, promise to be quite contested. <\/span>According<\/span><\/a> to national polls, <\/span>the<\/span> Democratic candidate Kamala Harris has a minor lead, collecting 48.2% of the total votes, while her opponent from the Republican party<\/span> \u2013 <\/span>Donald Trump<\/span> \u2013 <\/span>has<\/span> the support of 46.4% of the people.<\/span> Polymarket, on the other hand, <\/span>shows<\/span><\/a> that Harris is the underdog.\u00a0<\/span><\/p>\n

Many industry participants consider Trump the better choice for pro-crypto voters, considering his comments over the past several months. As such, the community <\/span>was left<\/span> puzzled after Ripple\u2019s co-founder Chris Larsen announced a $10 million worth of XRP donation to Kamala Harris\u2019 campaign.<\/span><\/p>\n

It\u2019s time for the Democrats to have a new approach to tech innovation, including crypto. I believe @KamalaHarris<\/a> will ensure that American technology dominates the world, which is why I\u2019m donating $10M in XRP in support of her. https:\/\/t.co\/vb9KJA87JK<\/a><\/p>\n

\u2014 Chris Larsen (@chrislarsensf) October 21, 2024<\/a><\/p>\n\n

Ripple\u2019s CEO Brad Garlinghouse said he respects Larsen\u2019s decision to support whomever he thinks is best to lead America. He assured that the company will continue to engage with both parties in the final days before the election (and after the vote) \u201cto promote pro-crypto policies.\u201d<\/span><\/p>\n

\u201cIt\u2019s not about party lines; it\u2019s about championing policies that drive blockchain and crypto innovation,\u201d he added.<\/span><\/p>\n

Harris was initially negligent to the cryptocurrency industry. Last week, though, she <\/span>advocated<\/span><\/a> for a comprehensive crypto regulatory framework to protect \u201cblack men and others\u201d who participate in the market.<\/span><\/p>\n

The Community\u2019s Reaction<\/span><\/h2>\n

Despite Garlinghouse\u2019s supportive stance, most X users commenting on Larsen\u2019s post viewed the donation as inappropriate.\u00a0<\/span>After all, a potential Trump victory could ease the tension between Ripple and the US SEC, considering the billionaire\u2019s\u00a0promise<\/a> to fire the regulator\u2019s Chairman, Gary Gensler.<\/p>\n

Gensler and the agency he spearheads have been at a legal war with the firm for nearly four years. Not long ago, the watchdog officially <\/span>appealed<\/span><\/a> a 2023 verdict set by Judge Analisa Torres, prolonging the lawsuit for another few years (most likely) and suppressing the price of XRP due to a fresh doze of uncertainty.\u00a0<\/span><\/p>\n

The post Crypto Community Baffled as Ripple Co-Founder Donates $10M in XRP to Harris\u2019 Presidential Campaign<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Chris Larsen\u2019s substantial donation to Kamala Harris surprised pro-XRP individuals. Ripple CEO Brad Garlinghouse emphasized the company\u2019s neutrality, advocating for pro-crypto policies from both the Republican and Democratic parties. Support for the Democrats The US presidential elections, scheduled for November 5, promise to be quite contested. According to national polls, the Democratic candidate Kamala […]<\/p>\n","protected":false},"author":0,"featured_media":15522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-15521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/15521"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15521"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/15521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/15522"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}