Ripple co-founder Chris Larsen donated $1 million in cryptocurrency to a political action committee supporting Vice President Kamala Harris.
According to the Federal Election Commission filingsLarsen contributed $1 million to “non-contributory account; in-kind: 1,754,815.29” on August 14th. 
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Future Forward PAC partners with Coinbase Commerce. According to the website, it automatically converts the user’s chosen currency to the stablecoin USDC to reduce volatility.
First Eleanor Terrett on Fox Business reported After hearing about Larsen’s donation, he said it was the first cryptocurrency donation ever made to Harris.
The PAC said it has raised more than $200 million so far. data It will be published on Open Secrets from August 31st. Former New York City Mayor Michael Bloomberg, venture capitalist Reid Hoffman and cryptocurrency exchange Coinbase have continued to donate over the past year. PAC wAs if applying in the first place President Joe Biden’s re-election bid and is currently funding Harris’ campaign.
Cryptocurrency has quickly become a hot election issue as the November 5 election quickly approaches. Last month, Democratic presidential candidate Harris said: management “It will protect consumers and investors while encouraging innovative technologies such as AI and digital assets,” she said. 80-page economic plan. Meanwhile, Republican presidential candidate Donald Trump is considered friendly to the industry, having pledged to stop the “illegal and un-American oppression” of the U.S. cryptocurrency industry.
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About the author
Sarah is a reporter for The Block covering policy, regulation and legal events. Previously, Sarah was a reporter covering securities regulation at CQ Legal, where she first began reporting on cryptocurrencies. Sarah has also written for The Bond Buyer and American Banker, among other financial publications. She graduated from the University of Missouri with a degree in Print and Digital Journalism. Sarah lives in Washington, DC and is an avid coffee lover. You can follow her on Twitter @ForTheWynn.