TechFlow news, October 21 — According to CNBC, the latest election data shows that with only two weeks remaining until the U.S. election, political donations from the cryptocurrency industry are primarily flowing toward Vice President Kamala Harris and several highly competitive House races. Chris Larsen, co-founder and chairman of Ripple, donated over $11.8 million to political action committees (PACs) supporting Harris’ campaign, making him one of the largest individual donors from the crypto sector in this election cycle.
In September, Larsen contributed $9.9 million to Future Forward PAC and over $800,000 to the Harris Victory Fund. Combined with a $1 million donation in XRP tokens made in August, his total contributions to Harris’ campaign have exceeded $11.8 million. Larsen stated that his support for Harris stems from conversations with her campaign team and her performance since becoming the Democratic nominee in July following President Biden’s withdrawal.
