Chris Larsen, co-founder of Ripple, has made headlines by donating nearly $10 million in XRP to support Vice President Kamala Harris in her 2024 presidential campaign.

Crypto-backed Super PACs are actively supporting both Democratic and Republican candidates as the presidential race tightens between Harris and Trump.

Larsen, who has a net worth of $3.1 billion primarily from his ownership of XRP, believes Harris understands the connection between empowering workers and ensuring American leadership in tech industries.

Ripple CEO Brad Garlinghouse emphasized the importance of engaging with candidates who support pro-cryptocurrency policies, regardless of their political affiliation.

Garlinghouse has criticized the current administration's approach to cryptocurrency, describing it as a 'misguided war'.

Including a previous contribution of $1 million in XRP tokens, Larsen's total donations to PACs supporting Harris now exceed $11.8 million this election cycle.

Larsen has expressed strong support for Harris, citing positive interactions with her campaign team and her background in the Bay Area's innovation economy.

His recent contributions were directed to Future Forward USA, a Super PAC backing Harris, which has raised over $200 million to support her against Donald Trump.

This substantial donation positions Larsen as the leading supporter of Harris within the cryptocurrency sector as she prepares to face former President Trump.

The cryptocurrency industry has emerged as a significant force in the 2024 U.S. election cycle, with crypto-related PACs contributing nearly $130 million to candidates from both parties.

He has called for a new approach to tech innovation, particularly in the crypto sector, under a potential Harris presidency.

Despite Larsen's support for Harris, Ripple and its executives have also made contributions to Republican efforts, indicating a diverse political landscape within the crypto industry.