{"id":647548,"date":"2024-10-12T05:00:42","date_gmt":"2024-10-12T05:00:42","guid":{"rendered":"https:\/\/uniquehot.com\/?p=647548"},"modified":"2024-10-12T04:39:15","modified_gmt":"2024-10-12T04:39:15","slug":"ripple-co-founder-chris-larsen-sends-1-million-xrp-donation-to-kamala-harris","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/ripple-2\/ripple-co-founder-chris-larsen-sends-1-million-xrp-donation-to-kamala-harris\/","title":{"rendered":"Ripple Co-Founder Chris Larsen Sends $1 Million XRP Donation To Kamala Harris"},"content":{"rendered":"

As the US presidential election approaches, the crypto industry has emerged as a focal point of political debate, with key figures from blockchain payments company Ripple expressing divided support for leading candidates Vice President Kamala Harris and former President Donald Trump.\u00a0<\/span><\/p>\n

This division comes amid ongoing debates about regulatory frameworks, particularly concerning the US Securities and Exchange Commission (SEC) and its enforcement actions against the cryptocurrency sector.<\/span><\/p>\n

Ripple Larsen\u2019s $1 Million XRP Donation\u00a0<\/span><\/h2>\n

Christian Larsen, co-founder of Ripple, has made headlines by making the first documented <\/span>crypto donation<\/span><\/a> to Kamala Harris\u2019s campaign, contributing $1 million in XRP to a prominent super political action committee (PAC) supporting her candidacy.\u00a0<\/span><\/p>\n

Related Reading: Over 52 Million ETH Bought At $2,300, Will Ethereum Bulls Defend This Support?<\/a><\/div>\n

This donation was revealed through recent filings with the Federal Election Commission (FEC), as reported by FOX journalist Eleanor Terret. Larsen’s contribution signifies a strategic <\/span>endorsement <\/span><\/a>of Harris, who has recently been vocal about the needed support for the growth of the digital asset ecosystem.<\/span><\/p>\n

This political move comes on the heels of comments from Ripple CEO Brad Garlinghouse, who has criticized the SEC’s ongoing legal battle against the company.\u00a0<\/span><\/p>\n

The SEC recently <\/span>appealed <\/span><\/a>a favorable ruling from Judge Analisa Torres, which stated that XRP, when sold on public exchanges, does not qualify as a security under existing laws. In response, Ripple <\/span>announced <\/span><\/a>it would file a cross-appeal against the SEC on Thursday, intensifying the ongoing legal conflict.<\/span><\/p>\n

Crypto Community Divided?\u00a0<\/span><\/h2>\n

Garlinghouse has been outspoken about the SEC’s actions, recently asserting, \u201cIf Gensler and the SEC cared about the rule of law, they would accept their loss and move on.”\u00a0<\/span><\/p>\n

Ripple\u2019s CEO argues that the regulator is more interested in causing disruption than providing clarity for industry players, warning that the agency’s actions could stifle US innovation in technology.<\/span><\/p>\n

While Larsen has aligned himself with Harris, the political contributions from the crypto community are not one-sided. Gary Cardone, a well-known digital asset investor, along with the <\/span>Winklevoss <\/span><\/a>twins, founders of the Gemini exchange, and Kraken co-founder Jesse Powell, have publicly <\/span>supported <\/span><\/a>Donald Trump.<\/span><\/p>\n

Related Reading: BNB Under Siege: Failed Recovery Sparks Fears of Deeper Losses<\/a><\/div>\n

Trump’s campaign has positioned him as a pro-crypto candidate, promising to elevate the United States as the <\/span>global leader in cryptocurrency<\/span><\/a>.\u00a0<\/span><\/p>\n

The former President and Republican candidate has criticized regulatory overreach, stating, \u201cThey want to choke you, and we are not going to let that happen.\u201d Trump has also pledged to replace SEC Chairman Gary Gensler upon his potential return to the White House, further indicating his commitment to fostering a favorable environment for the crypto industry.<\/span><\/p>\n

\"Ripple\"
The daily chart shows XRP’s sideways price action. Source: XRPUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

At the time of writing, XRP was trading at $0.5379, showing no change from Thursday’s trading session.\u00a0<\/span><\/p>\n

Featured image from DALL-E, chart from TradingView.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

As the US presidential election approaches, the crypto industry has emerged as a focal point of political debate, with key figures from blockchain payments company Ripple expressing divided support for leading candidates Vice President Kamala Harris and former President Donald Trump.\u00a0 This division comes amid ongoing debates about regulatory frameworks, particularly concerning the US Securities and Exchange Commission (SEC) and its enforcement actions against the cryptocurrency sector. Ripple Larsen\u2019s $1 Million XRP Donation\u00a0 Christian Larsen, co-founder of Ripple, has made headlines by making the first documented crypto donation to Kamala Harris\u2019s campaign, contributing $1 million in XRP to a prominent super political action committee (PAC) supporting her candidacy.\u00a0 Related Reading: Over 52 Million ETH Bought At $2,300, Will Ethereum Bulls Defend This Support? This donation was revealed through recent filings with the Federal Election Commission (FEC), as reported by FOX journalist Eleanor Terret. Larsen’s contribution signifies a strategic endorsement of Harris, who has recently been vocal about the needed support for the growth of the digital asset ecosystem. This political move comes on the heels of comments from Ripple CEO Brad Garlinghouse, who has criticized the SEC’s ongoing legal battle against the company.\u00a0 The SEC recently appealed a favorable ruling from Judge Analisa Torres, which stated that XRP, when sold on public exchanges, does not qualify as a security under existing laws. In response, Ripple announced it would file a cross-appeal against the SEC on Thursday, intensifying the ongoing legal conflict. Crypto Community Divided?\u00a0 Garlinghouse has been outspoken about the SEC’s actions, recently asserting, \u201cIf Gensler and the SEC cared about the rule of law, they would accept their loss and move on.”\u00a0 Ripple\u2019s CEO argues that the regulator is more interested in causing disruption than providing clarity for industry players, warning that the agency’s actions could stifle US innovation in technology. While Larsen has aligned himself with Harris, the political contributions from the crypto community are not one-sided. Gary Cardone, a well-known digital asset investor, along with the Winklevoss twins, founders of the Gemini exchange, and Kraken co-founder Jesse Powell, have publicly supported Donald Trump. Related Reading: BNB Under Siege: Failed Recovery Sparks Fears of Deeper Losses Trump’s campaign has positioned him as a pro-crypto candidate, promising to elevate the United States as the global leader in cryptocurrency.\u00a0 The former President and Republican candidate has criticized regulatory overreach, stating, \u201cThey want to choke you, and we are not going to let that happen.\u201d Trump has also pledged to replace SEC Chairman Gary Gensler upon his potential return to the White House, further indicating his commitment to fostering a favorable environment for the crypto industry. At the time of writing, XRP was trading at $0.5379, showing no change from Thursday’s trading session.\u00a0 Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":647549,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88655],"tags":[6664,14690,1558,54512,16365,3680,14450,17209,78763],"class_list":["post-647548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple-2","tag-crypto","tag-crypto-news","tag-cryptocurrency","tag-defi","tag-latest-ripple-news","tag-ripple","tag-ripple-xrp-price-analysis","tag-ripple-news","tag-xrpusdt"],"acf":[],"yoast_head":"\nRipple Co-Founder Chris Larsen Sends $1 Million XRP Donation To Kamala Harris<\/title>\n<meta name=\"description\" content=\"As the US presidential election approaches, key 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