Ripple’s Chris Larsen Donates $1 Million in Crypto to Kamala Harris

Ripple co-founder and former CEO Chris Larsen has donated $1 million in cryptocurrency to Vice President Kamala Harris, showing solidarity with her in the upcoming U.S. election, according to a filing.

The donation, made in August, positions Ripple as a notable supporter of Kamala Harris. As stated in the filing, the contribution was made to a “non-contribution account; in-kind” and directed to the Future Forward PAC (FF PAC), which accepts cryptocurrency donations for Harris’s presidential campaign.

According to Influence Watch, the Future Forward USA PAC (FF PAC) is a Democratic Party-aligned super PAC based in Palo Alto, California. The PAC also supported Joe Biden’s campaign by criticizing then-President Donald Trump’s COVID-19 policies. The Center for Responsive Politics has previously criticized FF PAC for being funded by “dark money.”

For crypto donations, FF PAC collaborates with Coinbase Commerce to convert cryptocurrency into USDC stablecoin, minimizing volatility.

Eleanor Terrett of Fox Business, who first reported the news, noted that this was the first crypto donation made to Kamala Harris. As of August 31, FF PAC has raised over $200 million, according to Open Secrets.

This donation is one of many made by Chris Larsen in recent years. The crypto billionaire has also contributed $2 million to a San Francisco grant that would enliven the shopping system in the area.

Recently, he donated $1 million to the San Francisco Police Department to enhance police wellness and increase community engagement. Of that, $100,000 will go to each station for equipment upgrades.

Meanwhile, Ripple is locked in a long-running battle with the Securities and Exchange Commission (SEC) over the sales of XRP.