Chris Larsen, co-founder of Ripple, donated $1 million in XRP tokens to the Future Forward PAC, supporting Vice President Kamala Harris's campaign.
According to data from the Federal Election Commission, the donation, made on August 14, was transferred in the form of 1.7 million XRP tokens. This is the first cryptocurrency donation to Harris's campaign. The Future Forward PAC, which accepts crypto donations through Coinbase Commerce, automatically converts them into the stablecoin USDC to avoid volatility.
Larsen's donation holds special significance as Ripple continues its legal battle with the U.S. Securities and Exchange Commission (SEC).