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As the US presidential election approaches, the candidates’ allies, Trump and Kamala Harris, are redoubling their efforts to secure triumphs for their champion. In this election frenzy, the crypto industry is moving. A major player at the moment is Ripple co-founder Chris Larsen, who recently invested $10 million in XRP to support the vice president’s campaign. This commitment illustrates the growing intersection between politics and cryptocurrencies.
Ripple, Kamala Harris tech support?
Chris Larsen is no stranger to financial contributions, having already given a sizable crypto donation to the Democratic candidate. WITH another donation of $10 million in XRP at Future Forward PAC is making sure Harris’ vote holds up in this election. By calling And” a new model of technological innovation »highlights the importance of cryptocurrencies in the US economic environment.
To give you an idea of the impact of campaign contributions, here are some telling numbers:
- $100 million: amount raised by Future Forward last month;
- $10 million: contributed by Larsen in his latest donation;
- 1.7 million XRP: the value of Larsen’s first post in August.
Ripple CEO Brad Garlinghouse also commented on the developments Larsen’s commitment demonstrates the importance of cryptocurrencies in the political debate. ” We must change course in the face of this misguided cryptocurrency war “, he emphasized.
Kamala Harris therefore has to deal with the financial backing that she hopes will strengthen her position in terms of cryptocurrency regulation.
A troubled crypto community
The cryptocurrency is also working to further its own interests as elections approach. As Harris begins to unveil his plans for America’s crypto ecosystem, Trump is shaking the sector’s strings pledges of support.
His crypto-friendly image has allowed him to raise significant funds. Current dynamics could tip the election voters passionate about technological innovation and the possibilities that blockchain offers.
In this fierce battle, crypto players hope that iinfluence the future legislative framework. If Kamala Harris wants to catch up to Trump in the crypto space, she will have to not only win over voters, but also demonstrate her ability to advocate for pro-crypto politicians.
As Larsen says, “ it’s time for Democrats to take a new approach “.
Finally, even as the excitement around crypto contributions grows, we mustn’t forget that Elon Musk, despite his interest in innovation, chose a more classic method to swing the election in Trump’s favor: handing out million dollar checks.
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The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.